Sunday, June 06, 2010

Top Stocks with Lots of Cash, are Debt Free, and Pay High Yields

Anyone who has read many of my articles know that I am a big fan of stocks that don't have any debt. I am also a fan of stocks that pay high dividends. When you look at these two criteria and add a third, lots of cash, you come up with an interesting list of stocks. just updated its list of High Cash No Debt High Yield Stocks, and includes over 25 companies, showing the stock symbol, market cap, forward price-to-earnings ratio, cash per share, yield, and cash per share as a percentage of price.

Cato Corp. (CATO) is one example, a fashion specialty retailer in the southeast. This $677 million market cap company has a forward price to earnings ratio of 12, has no debt, and has $7.48 in cash per share, amounting to about a third of the stock price. On top of these great financials, the stock pays a yield of 3.2% payable quarterly, and last month increased their quarterly dividend by 12%.

Electro Rent Corp. (ELRC) is another company that appears on the list. The company leases technology equipment including computers and measurement instruments. The stock has a forward PE of 18, a yield of 4.5%, and is debt free. Earnings for the latest reported quarter were up 14%. The stock has $3.24 in cash per share, which is a little over a quarter of the stock price.

NutriSystem Inc. (NTRI), the weight loss company that uses Dan Marino and Andie Everhart as its spokespeople, has a forward PE of 17, a yield of 3.3%, and is also debt free. The cash per share is 2.86, almost 15% of the stock price.

To see the entire list of High Yield No Debt High Cash Stocks, which you can sort, change, and update, go to

Author does not own any of the above.


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