Multimedia giant Cablevision ( CVC) owns a cable TV and data network that passes through more than 5 million homes centered around New York City, a lucrative market for a high-margin, utility-like business. The firm also owns Newsday. Not long ago, those noncore businesses were more prevalent; the firm spun off AMC Networks ( AMCX) and Madison Square Garden ( MSG) in the last two years, focusing on its cable offerings instead. Cablevision operates an enviable geographic footprint, and with enviable penetration rates. While its cable reaches 5 million homes, a full 3 million of those are actually Cablevision customers. While that tempers the firm's growth prospects, it also means that CVC is able to earn robust income and pay out a similarly robust dividend. Right now, the firm pays out a 4.13% yield. >>8 Top-Rated Stocks With the Best Earnings Outlooks An advanced cable network helps too. While the firm does carry a fairly hefty debt load, it doesn't have to deal with the ongoing capital expense of upgrading what it has now. That network also helps to attract customers who have become accustomed to high-speed connections. This U.S. centric stock is a good choice for risk-averse investors who want to collect income without dealing with losses from Europe. As of the most recently reported quarter, Cablevision was one of Julian Robertson's Tiger Management holdings.