Wednesday, September 29, 2010

Top Yielding Show Business Stocks

This season, there are plenty of popular movies that have recently been released or will be released shortly, such a Wall Steet: Money Never Sleeps, Legend of The Guardians: The Owls, The Town, Secretariat, and The Social Network, which is the movie about the founding of Facebook, to be released October 1.

So how does an investor make money from the popularity of these movies? recently developed a free spreadsheet database of all the high yielding entertainment stocks and notes that pay dividends in excess of 3%. If you want to get into show business, dividend stocks are the way to go.

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 17.3, and pays a decent dividend of 5.4%. Unfortunately, earnings were down over 88% for the latest quarter.

Another motion picture chain that has theaters in North and South America is Cinemark Holdings Inc. (CNK), with a forward PE of 12, and an extremely generous yield of 4.6%. Earnings for the latest quarter were up over 112%.

You can check out a list of 18 entertainment stocks and notes with yields above 2%, four of which yield more than 7%, all of which can be found at 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.


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