Global auditing and consulting firm PwC, in a report on the Global Entertainment and Media industries, noted that following a decade of digital disruption, the new entertainment and media landscape continues to change rapidly. Driven by new technology, the long-term outlook for media & communications sectors is extremely bullish. Media & communications stocks though don't just offer long-term capital appreciation. There is also a chance to earn regular income through dividends. Here are two Canadian media & communications companies that offer attractive yields right now.
Corus Entertainment Inc. (TSX: CJR.B)
Corus Entertainment is a Toronto-based communications and entertainment company, operating through two segments; Television and Radio. CJR.B currently offers a very attractive dividend yield of 9.50%. Year-to-date, the stock has gained more than 8%.
BCE Inc. (TSX: BCE)
BCE Inc. is a Verdun, Canada-based communications company, providing residential, business and wholesale customers with a range of solutions to all their communications need, including wireless, high-speed Internet, Internet protocol television (IPTV) and satellite TV, business Internet protocol (IP) broadband, and information and communications technology (ICT) services.
BCE currently offers a yield of 4.56%. Year-to-date, the stock has gained more than 10%.
