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Anyone who has read many of my articles knows 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 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.

One example is Intersil Corporation (NASDAQ:ISIL), a $1.8 billion market cap company, which manufactures analog integrated circuits. This debt free company yields 3.2% and has a forward P/E of 12.7. The stock has a healthy $3.09 per share in cash versus a recent stock price of 14.66. The company recently reported earnings and announced a 60% increase in quarterly revenues and an incredible 1,064.8% increase in earnings year over year.

Garmin Ltd. (NASDAQ:GRMN) is another company that fits this criteria. This is the $7.5 billion market cap debt free company that makes global positioning system, or GPS products. The stock sports a 3.8% yield and forward P/E ratio of 13.7. It has a nice cushion of $5.55 in cash per share. The company reports earnings today.

Superior Industries International, Inc. (NYSE:SUP) pays a yield of 3.7% and carries a forward PE of 19.5. The stock has an amazing $5.27 in cash per share and has no debt. The company will be announcing earnings May 7.

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.

Source: Three High Cash, No Debt High Yield Stocks