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When reviewing all the stocks that make up the Standard & Poor's 500 Index, I was only able to come up with five stocks that yield 3% or more, a decent amount of cash, and total debt of $500 million or less.

Automatic Data Processing, Inc. (NASDAQ:ADP), the payroll outsourcing company, yields 3%, has $1.62 billion in cash, with only $42.2 million in debt.

The automotive replacement parts company, Genuine Parts Co. (NYSE:GPC), has a fairly high yield of 4.5%. The company has $363 million in cash and $500 million in debt.

People's United Financial Inc. (NASDAQ:PBCT) is a commercial banking company, which pays a yield of 3.7%. The stock trades at about its book value $15.24, with $3.5 billion in cash amounting to $10 in cash per share. The company has $343 million in debt.

A very high yield of 5.1% can be found with Microchip Technology Inc. (NASDAQ:MCHP), a semiconductor products company. In addition, the company has $1.36 billion in cash or $7.43 in cash per share, with only $337 million in debt.

Molex Inc. (NASDAQ:MOLX) is a manufacturer of electronic components, with a 3.3% yield. Molex has $530 million in cash with $320 million in debt.

If you like lists of high yield stocks and debt free stocks, check out the free downloadable Excel databases at WallStreetNewsNetwork.com.

Disclosure: Author does not own any of the above.

Source: 5 Top S&P 500 Stocks by Yield, Cash and Debt