Cinemark Holdings Inc. (NYSE:CNK) owns movies theaters across the United States and Latin America, with a total of about 5,000 screens in America alone.
Cinemark has seen improving revenue each year since 2007, connecting with movie-goers despite the recession. That’s in part because of growth and acquisitions at a time when a lot of competitors are on the defensive instead of thinking about future profit opportunities.
The movie industry might not be booming right now, but CNK could cash in big-time when box office receipts improve thanks to its growth over the last few years.
And in the meantime? A 21-cent quarterly dividend equals a yield of 4.1%.
Investors already seem to be warming up to Cinemark. The stock is up by double digits so far in 2012 and is closing in on a new 52-week high.