Although many investors think that the stock market has finally bottomed out, they are being very cautious. In order to play it safe, they are looking for stocks that are debt free. In addition, high dividends are desirable since income will be coming in while waiting for the stock to appreciate. WallStreetNewsNetwork.com recently came out with a list of the top yielding debt free stocks. Some of the yields are extremely high and may not be sustainable.

Here are a few of the stocks that meet the high yield and no debt criteria.

Terra Nitrogen Co (TNH) has a yield of 6.6%, with a PE of 8.6

Methode Electronics (MEI) has a yield of 5.0%

Maxim Integrated (MXIM) has a yield of 5.7%, with a PE of 28.9

Lorillard (LO) has a yield of 5.9%, with a PE of 12.2

Paychex (PAYX) has a yield of 4.5%, with a PE of 17.9

To see the entire list of debt free high yield stocks, check out wsnn.com.

By Stockerblog.com - Stockerblog - The St...

Although many investors think that the stock market has finally bottomed out, they are being very cautious. In order to play it safe, they are looking for stocks that are debt free. In addition, high dividends are desirable since income will be coming in while waiting for the stock to appreciate. WallStreetNewsNetwork.com recently came out with a list of the top yielding debt free stocks. Some of the yields are extremely high and may not be sustainable.

Here are a few of the stocks that meet the high yield and no debt criteria.

Terra Nitrogen Co (TNH) has a yield of 6.6%, with a PE of 8.6

Methode Electronics (MEI) has a yield of 5.0%

Maxim Integrated (MXIM) has a yield of 5.7%, with a PE of 28.9

Lorillard (LO) has a yield of 5.9%, with a PE of 12.2

Paychex (PAYX) has a yield of 4.5%, with a PE of 17.9

To see the entire list of debt free high yield stocks, check out wsnn.com.

By Stockerblog.com - Stockerblog - The St...

Methode Electronics, Inc. manufactures component devices worldwide. The company’s products utilize electronic and optical technologies to control and convey signals through sensors, interconnections, and controls. It operates in four segments: Automotive, Interconnect, Power Distribution, and Other. The Automotive segment supplies electronic and electromechanical devices and related products to automobile original equipment manufacturers directly or through their Tier 1 suppliers, including control switches for electrical power and signals, connectors for electrical devices, integrated control components, switches, and sensors that monitor the operation or status of a component or system, and packaging of electrical components. The Interconnect segment provides various copper and fiber optic interconnect solutions for the computer, telecommunications, medical, and aerospace industries. Its products include wire-to-board solutions, board-to-board solutions, memory cards, wireless assemblies, cable assemblies, terminal blocks and strips, power cordsets, inlet/outlet connectors, and conductive polymer and thick film inks. The Power Distribution segment manufactures current-carrying bus devices and cabling systems that are used in various markets and applications, including telecommunications, computers, transportation, industrial and power conversion, insulated gate bipolar transistor solutions, aerospace, and military. The Other segment designs and manufactures products for sensing torque without contact. It also provides services for qualification testing, failure analysis, and certification of electronic and optical components through its laboratories. The company was founded in 1946 and is headquartered in Chicago, Illinois.

With the stock market reaching new lows every single day, I thought it’d be interesting to run my trusty ol’ Ben Graham stock screener. Because this screener is primarily focused on finding undervalued companies – and with the market undervaluing companies left and right – I’m not surprised to see more results than usual. Benjamin Graham [...]