Perfect Stocks: High Cash No Debt High Yield Stocks

What would make a perfect stock? One feature that I look for is a stock that is debt free. It is difficult for a company to go out of business when it has no debt. Then I also prefer stocks that pay dividends. Dividends provide stability to the stocks and accelerate the return of capital. The other criteria I like to see is lots of cash. The more cash per share a company has compared to its stock price, the better. Cash is a great cushion during downturns.

WallStreetNewsNetwork.com just updated its free list of High Cash No Debt High Yield Stocks, and includes more than 20 companies, showing the stock symbol, market cap, forward price-to-earnings ratio, cash per share, yield, and cash per share as a percentage of stock price.

An example is Cato Corp. (CATO), which is a North Carolina based specialty retailer of fashion apparel and accessories in the southeastern US. This debt free company has $9 in cash per share representing about 36% of the recent price per share. On top of that, the current yield is 3.8% after the company increased the dividend rate by 16.5%. Earnings for the latest quarter were up 13% on a slight increase in revenues.

Garmin Ltd. (GRMN) is a $5.85 billion market cap debt free company that makes global positioning systems, also known as GPS products. The stock sports a 5% yield after doubling its payout rate over last year. It trades at 15.4 times forward earnings. It has a decent cushion of $7.63 in cash per share.

Superior Industries International, Inc. (SUP), a manufacturer of aluminum road wheels, pays a yield of 4% and carries a forward price to earnings ratio of 10.8. The stock has a substantial $5.51 in cash per share and has no debt.

Weis Markets (WMK), a retail supermarket chain, which is another debt free company, has $5.17 in cash per share, a PE ratio of 15, and a yield of 3.1%.

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

Disclosure: Author does not own any of the above.

By Stockerblog.com

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. WallStreetNewsNetwork.com 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 WallStreetNewsNetwork.com.

Author does not own any of the above.

By Stockerblog.com