Can GameStop Corp's Dividend Even Survive?

Can GameStop Corp's Dividend Even Survive?

Investors remain sharply divided over video game retailer GameStop (NYSE: GME). The bears think that digital downloads will kill its physical video game sales, while the bulls think that it might survive by expanding into adjacent markets -- like collectibles and consumer electronics.

However, GameStop's low valuation and high dividend also make it look appealing to bottom-fishing income investors. The stock trades at just 6 times earnings, compared to the industry average of 47 for specialty retailers. It pays a whopping forward dividend yield of 7.3%, compared to the S&P 500's average yield of 2%.

Source: GameStop.

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Source: Fool.com