Friday, February 06, 2009

High Yield Stocks with No Debt

With the extreme ups and downs in the stock market these days, investors are looking for high dividends in order to provide some stability and income. However, for safety, investors also want companies that have no debt. came up with a list of 35 different debt free stocks with dividends over 4%. Most of these stocks have price earnings ratios below 18 and price earnings to growth ratios below 1.8. also has other interesting lists such as stocks selling below cash.

Some of the debt free stocks with decent yields include the following. Remember, all these yields are subject to change, reduction, and elimination.

Nordic American Tanker Shipping Ltd. (NAT), the crude oil tanker company, which has a yield of 22% based on historical dividend payments. The stock has a PE of 9%.

Biovail Corporation (BVF) is a pharmaceutical company that yields 13.3%. They have a PE of 38 and a PEG of 1.37.

Terra Nitrogen Company, L.P. (TNH) is a stock that is structured as a limited partnership, and yields 8.8%. They are a distributor of nitrogen fertilizer products. The PE ratio is 8.

Computer Programs & Systems Inc. (CPSI) makes and sells computerized information systems for hospitals. They yield 5.3% with a PE of 19, and a PEG of 1.39.

To access the entire Excel database of the 35 different high yield debt free stocks, some with yields over 15%, that can be downloaded, changed, and sorted, go to

Author does not own any of the above.


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