3 Media Stocks with 6%+ Dividend
Southern Cross Media Group Limited (Dividend Yield – 7.5%) is engaged in the creation and broadcasting of content on free to air commercial radio (frequency modulation and digital), television (TV) and online media platforms across Australia. Free to air broadcasting consists of the commercial radio and television broadcast licenses held throughout Australia. The Company’s Today Network is broadcasted in Sydney, Melbourne, Brisbane, Adelaide and Perth. The Company’s Triple M Local Works is broadcast through two different music offers-Triple M for rock and Local Works for variety.
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Seven West Media (Dividend Yield – 6.54%) was formed via West Australian Newspaper 2011 acquisition of Seven media group, joining a Western Australian newspaper business with the leading capital city free to air television network to deliver a platform to cross sell to advertisers. Earnings are derived from television (61%), newspapers (26%), magazines (8%) and online (5%). Key brands include Seven television network, The West Australian, Pacific Magazines and Yahoo 7. Newspapers and television earnings are cyclical which drives share price volatility.
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STW Communications Group (Dividend Yield – 6.67%) is Australia’s largest local marketing communications group. SGN also has operations based in New Zealand and a small but emerging footprint in Southeast Asia. SGN’s service offerings span across a broad range of communication disciplines, including advertising, production and media, digital, brand design, public relations, research and insight as well as a range of niche specialities. These disciplines fall under the umbrella of two divisions: Advertising, Production and Media; and Diversified.
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