The cable and telecom company, Charter Communications Inc. (CHTR), just filed for bankruptcy, primarily due to their huge debt load. When you hear these stories, you realize how important it is to find stocks that are debt free if you are looking for more safer and secure companies to invest in. In addition, if the stock has a lot of cash, that adds to the level of safety. And if you can find stocks that meet both of these criteria, and the stock also pays a dividend, then maybe it is a stock worth buying.
WallStreetNewsNetwork.com recently uploaded its downloadable Excel database called High Cash No Debt High Yield Stock List. It lists over 30 companies that have a lot of cash, are debt free, and pay decent yields. Over a dozen have yields in excess of 4%. Here are a few examples, all of which have market caps over $1 billion and have no debt.
Maxim Integrated Products (MXIM) has almost $1 billion in cash, amounting to $3.04 in cash per share. They have a forward PE of 37 and pay a yield of 6.6%.
Lorillard (LO) which has $1.19 billion in cash, giving them $7.09 in cash per share. They have a forward PE of 10 and pay a yield of 6.3%.
Gentex Cp (GNTX) has $323 million in cash, amounting to $2.35 in cash per share. They have a forward PE of 18 and pay a yield of 5.5%.
Intersil Corp (ISIL) with $312 million in cash, giving them $2.56 in cash per share. They have a forward PE of 22 and pay a yield of 4.7%.
Garmin Ltd (GRMN) has $709 million in cash, amounting to $3.54 in cash per share. They have a forward PE of 7 and pay a yield of 4.4%.
To see the rest of the High Cash No Debt High Yield Stocks, including two which yield more than 9%, go to wsnn.com.
Author does not own any of the above.
By Stockerblog.com
Via Trading Goddess:
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