High Yield Entertainment Stocks

There's no business like show business. There are many aspects to entertainment: amusement parks, motion picture production companies, theater chains, television, sports, and many other areas. Show business has always been considered inflation-proof. When people can't afford to travel to Europe or on expensive cruises, they go to the movies, an amusement park within driving distance, or just a staycation, sitting at home watching TV.

There are numerous opportunities to invest in this sector, and many of them that pay dividends in excess of 2.5%. WallStreetNewsNetwork.com recently updated its free spreadsheet database of all the high yielding entertainment stocks and notes that pay dividends, with yields approaching as much as 7%.

One example is Cedar Fair LP (FUN), with the memorable stock ticker symbol. The stock yields 2.7%, and has been paying quarterly dividends since 1988. The dividend rate was recently increased by 11.8% over last years payout rate. Revenues for the latest quarter were up 3.2%, however the company recently generated negative earnings. Since the company is structured as a limited partnership, a K-1 will be issued instead of a 1099, so more tax paperwork involved.

Regal Entertainment Group (RGC) operates a chain of movie theaters throughout the United States in mid-sized metropolitan markets and the suburbs. The company has a forward price to earnings ratio of 19.3, and pays a decent dividend of 6.7%. Earnings for the latest quarter were up an incredible 625%.

Another motion picture chain that has theaters in North and South America is Cinemark Holdings Inc. (CNK), with a forward PE of 12.6, and an extremely generous yield of 4.2%. Earnings for the latest quarter were up over 1.8%.

You can check out a list of more than a dozen entertainment stocks and notes with yields above 2%, six of which yield more than 6%, all of which can be found at wsnn.com. Some of the stocks on the list are senior notes, which trade like preferred stocks.

Disclosure: Author did not own any of the above at the time the article was written.

By Stockerblog.com
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here