In a far different industry, and on a more speculative basis, I am intrigued by World Wrestling Entertainment Inc. The company, based in Stamford, Connecticut, promotes live and televised wrestling matches. Or shall we call them exhibitions? Stage Fight In fact, these events are meticulously choreographed pieces of sweaty theater with pre-ordained endings. And many people consider them immensely entertaining. The audience members --not all of whom are 13-year-old boys like my son -- seem fascinated by the personae of the various wrestlers, as well as the spectacle. With a payout ratio of 179 percent, the dividend will likely be cut soon. However, the yield right now is more than 10 percent. Penn Virginia Resource Partners LP is a coal miner and natural-gas processor with headquarters in Radnor, Pennsylvania. It has increased its quarterly dividend from 35 cents a quarter in early 2006 to 48 cents a quarter now. The dividend may be in jeopardy, based on a recent payout ratio of 86 percent. I believe an improving economy will bail out the company. As earnings bounce back from recent depressed levels, I think the company will be spared the shame of a dividend cut. The stock sells for 12 times earnings and the yield is a fat 9.8 percent.