If you are a conservative investor, two things you always look for are a high dividend payout and a solid balance sheet. There are plenty of high yield stocks out there, but not all of them are in good financial shape. However, if you can find a high yield stock that has no debt, then you have a good starting point for finding gems. There are over 15 stocks that WallStreetNewsNetwork.com came up with that have market caps over $500 million, yields above 4%, and are debt free.
One example is Paychex, Inc. (PAYX) which yields 4.4%. This is the payroll, human resource, and benefits outsourcing company.
Another is Healthcare Services Group, Inc. (HCSG) which pays 4.2%. The company is a provider of housekeeping, laundry, linen, and food services to nursing homes, rehabilitation centers, and hospitals.
Maxim Integrated Products Inc. (MXIM), a manufacturer of linear and mixed-signal integrated circuits and analog circuits, has a yield of 4.20%.
To see the rest of the list of debt free high yield stocks, including three that yield above 7%, go to WSNN.com.
Author does not own any of the above.