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dow2664 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
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