Sunday, July 04, 2010
Highest Yielding Entertainment Stocks
It doesn't matter whether we are in a recession, a depression, or in a booming economy. People will always go to the movies, rent DVDs, or order a movie from Netflix (NFLX). The demand will always be there, the revenues will always continue.
With all this money rolling in, the revenues must be going somewhere. WallStreetNewsNetwork.com has just developed a free spreadsheet database of all the high yielding entertainment stocks and notes that pay dividends over 3%. Dividend stocks are a great way of reducing risk in your portfolio, especially if you are going into the show business sector.
Time Warner (TWX), which owns Warner Brothers, has a forward price-to-earnings ratio of 12.5 and a yield of 2.9%.
Regal Entertainment Group (RGC) operates a chain of theaters throughout the United States in mid-sized metropolitan markets and the suburbs. The company has a forward PE ratio of 14, and pays a very nice dividend of 5.2%.
Another motion picture chain that has theaters in North and South America is Cinemark Holdings Inc. (CNK), with a forward PE of 10.5, and an extremely generous yield of 4.9%.
There are actually 18 entertainment stocks and notes with yields above 2%, four of which yield more than 7%, all of which can be found at wsnn.com. Some of the stocks on the list are senior notes, which trade like preferred stocks.
Author owns TWX.