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Interested in finding stocks that pay reliable dividends? In search of companies that can manage their debt well? Interested in companies with minimal long term debt? Do you prefer companies with strong profits? We ran a screen you might find useful.

The Debt/Equity Ratio illustrates how aggressively a company is financing its growth via debt. The more debt financing that is used in a capital structure, the more volatile earnings can become due to the additional interest expense. Should a company's potentially enhanced earnings fail to exceed the cost associated with debt financing over time, this can lead the company toward substantial trouble.

The Long Term Debt/Equity Ratio is a variation of the traditional debt-to-equity ratio; this value computes the proportion of a company's long-term debt compared to its available capital. By using this ratio, investors can identify the amount of leverage utilized by a specific company and compare it to others to help analyze the company's risk exposure. Generally, companies that finance a greater portion of their capital via debt are considered riskier than those with lower leverage ratios.

The Operating Profit Margin is a profitability ratio that measures the effectiveness of the company's operating efficiency. This metric allows investors to see how much profit is left after all variable costs are covered. If the company's margin is increasing over time this means that it's earning more per dollar of sales. Finding trends in the Operating Profit Margin helps investors identify companies that are improving profitability over time and managing the economic landscape better than competitors.

Return on Assets [ROA] illustrates how much a company is generating in earnings from its assets alone. This metric gives investors a picture of how profitable the company is relative to the assets in current possession. As well, it lets investors see how efficient and effective management is at generating earnings from the company's assets. While most management teams can probably make money by throwing money at an issue very few can make very large profits with little investment.

We first looked for stocks with a very high yield (more than 5%). We next screened for businesses that have maintained a sound capital structure (D/E Ratio<.3). We then looked for companies that have maintained a sound long term capital structure (Long Term D/E Ratio<.1). We then screened for businesses with strong profit margins (1-year operating margin>15%)(ROA [TTM]>10%). We did not screen out any market caps or sectors.

Do you think these stocks will trade at a higher valuation? Use our list along with your own analysis.

1) Dorchester Minerals LP (NASDAQ:DMLP)

Sector:Financial
Industry:Diversified Investments
Market Cap:$713.00M
Beta:0.41

Dorchester Minerals LP has a Dividend Yield of 8.02% and Payout Ratio of 141.46% and Debt/Equity Ratio of 0.00 and Long Term Debt/Equity Ratio of 0.00 and Operating Profit Margin of 60.79% and Return on Assets of 29.21%. The short interest was 0.10% as of 05/15/2012. Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in 574 counties and 25 states.

2) Cross Timbers Royalty Trust (NYSE:CRT)

Sector:Basic Materials
Industry:Oil & Gas Drilling & Exploration
Market Cap:$243.72M
Beta:0.60

Cross Timbers Royalty Trust has a Dividend Yield of 7.46% and Payout Ratio of 100.00% and Debt/Equity Ratio of 0.00 and Long Term Debt/Equity Ratio of 0.00 and Operating Profit Margin of 97.68% and Return on Assets of 119.09%. The short interest was 0.41% as of 05/15/2012. Cross Timbers Royalty Trust operates as an express trust in the United States. The company holds 90% net profits interests in various royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico. It also holds 11.

3) Dominion Resources Black Warrior Trust (NYSE:DOM)

Sector:Financial
Industry:Diversified Investments
Market Cap:$67.75M
Beta:0.61

Dominion Resources Black Warrior Trust has a Dividend Yield of 10.24% and Payout Ratio of 99.11% and Debt/Equity Ratio of 0.00 and Long Term Debt/Equity Ratio of 0.00 and Operating Profit Margin of 87.40% and Return on Assets of 47.11%. The short interest was 3.27% as of 05/15/2012. Dominion Resources Black Warrior Trust operates as a grantor trust in the United States. The company acquires and holds overriding royalty interests burdening proved natural gas properties located in the Pottsville coal formation of the Black Warrior Basin, Tuscaloosa county, Alabama, which are owned by Walter Black Warrior Basin LLC. As of December 31, 2010, its underlying properties comprise 34,212 gross acres of land that contained 532 gas producing wells.

4) BP Prudhoe Bay Royalty Trust (NYSE:BPT)

Sector:Basic Materials
Industry:Oil & Gas Refining & Marketing
Market Cap:$2.50B
Beta:0.64

This company has a Dividend Yield of 8.36% and Payout Ratio of 99.99% and Debt/Equity Ratio of 0.00 and Long Term Debt/Equity Ratio of 0.00 and Operating Profit Margin of 99.40% and Return on Assets of 19921.64%. The short interest was 2.42% as of 05/15/2012. BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interests constituting a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope in Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 gross productive acres.

5) Eca Marcellus Trust (NYSE:ECT)

Sector:Basic Materials
Industry:Oil & Gas Drilling & Exploration
Market Cap:$341.11M
Beta:-

This company has a Dividend Yield of 12.54% and Payout Ratio of 0.00% and Debt/Equity Ratio of 0.00 and Long Term Debt/Equity Ratio of 0.00 and Operating Profit Margin of 96.24% and Return on Assets of 12.47%. The short interest was 0.54% as of 05/15/2012. ECA Marcellus Trust I holds royalty interests in producing and development horizontal natural gas wells for Energy Corporation of America (NYSE:ECA). It owns royalty interests in 14 producing horizontal natural gas wells producing from the Marcellus Shale formation, located in Greene County, Pennsylvania; and royalty interests in 52 horizontal natural gas development wells to be drilled to the Marcellus Shale formation comprising approximately 9,300 acres held by ECA in Greene County, Pennsylvania. The royalty interest in the producing wells allows the company to receive 90% of the proceeds from the sale of production of natural gas attributable to ECA's interest in the producing wells.

6) Crexus Investment Corp. (NYSE:CXS)

Sector:Financial
Industry:REIT - Diversified
Market Cap:$773.10M
Beta:-

Crexus Investment Corp. has a Dividend Yield of 10.70% and Payout Ratio of 75.70% and Debt/Equity Ratio of 0.04 and Long Term Debt/Equity Ratio of 0.00 and Operating Profit Margin of 97.06% and Return on Assets of 10.55%. The short interest was 2.40% as of 05/15/2012. Crexus Investment Corp., through its subsidiaries, operates as a commercial real estate company. It acquires, manages, and finances commercial mortgage loans and commercial real estate debts, commercial real properties, commercial mortgage-backed securities, other commercial real estate-related assets, and agency residential mortgage-backed securities. The company qualifies as a real estate investment trust for federal income tax purposes.

*Company profiles were sourced from Finviz. Financial data was sourced from Finviz and Google Finance.

Source: 6 High Yield Dividend Stocks That Keep Down Their Debt