With these 4 stocks, it’s the best of both worlds: on the one hand, investors are given the consideration of a quarterly payment in the form of a dividend. In addition to that attractive investment concept (shareholder receives money!), these companies have no debt — or almost no debt — on their books.
Many of the hot Nasdaq 100 tech and social media favorites do not pay a dividend. Amazon, for example. Tesla, for example. Apple’s debt is 1.41 times shareholder equity. “Growth” stocks are fine, but what would it be like to experience the confidence of holding a dividend-paying stock with zero debt or just about zero debt?
If you’ve wondered lately, here are 4 names for your research project:
AllianceBernstein Holding is an investment firm which operates globally from corporate headquarters in Nashville, Tennessee. The company is well-liked among sector analysts: TD Cowen has an “outperform” rating with a price target of $36 and Goldman has it on their “buy” list with a price target of $40.80 to $36.75.
Market capitalization of AllianceBernsteain is $$3.93 billion. Now trading with price-earnings ratio of 14, the stock is available for purchase at 1.89 times its book value. This money management outfit has a debt-to-equity ratio of 0.0. Shareholders are paid a dividend of 8.09%. Average daily volume is a light 324,000 shares.
The weekly price chart is here:
Centerra Gold is a precious metals mining company based in Toronto, Ontario and operates in the United States and Turkey as well as in Canada. Market capitalization is $1.50 billion. Now trading at a 13% discount from its book value, the price-earnings ratio of 27.45
This year’s earnings are up by 1078%. Analysts are expecting a negative earnings number of -24.70% next year. It’s relatively lightly traded for an NYSE equity with an average daily volume of 474,000. The company’s debt-to-equity ratio is .01. Centerra pays a 2.97% dividend.
Here’s the weekly price chart:
Janus Henderson is a money management firm headquartered in London with operations around the globe. With a market capitalization of $5.59 billion, this year’s earnings are positive by 9.72% and off over the past 5 years by 1.88%. TD Cowen this week upgraded the stock from “hold” to “buy” with a price target of $37.
The investment company has a price-earnings ratio of 13.16 and trades at 1.26 times book. The debt-to-equity ratio is .07. Average daily volume is 1.12 million. Janus Henderson offers a dividend of 4.48% to its shareholders.
The weekly price chart looks like this:
Teekay Tankers is a marine oil and gas shipping company, in business since 1973 with headquarters in Bermuda and operations centers in Houston, Texas and Vancouver, British Columbia. Market capitalization comes to $2.47 billion. It trades at 1.49 times book value with a price-earnings ratio of 5.
Earnings this year are down by 3.36% and analysts are expecting next year’s earnings to be down by 1.46%. The stock is relatively lightly traded with an average daily volume of 385,000 shares. The debt-to-equity ratio is .04. Teekay Tankers pays a 1.39% dividend.
The weekly price chart is here:
Stats courtesy of FinViz.com. Charts courtesy of Stockcharts.com.
Additional market commentary and analysis at johnnavin.substack.com.
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