Investors looking for the best of both worlds when it comes to stocks that pay dividends and have little to no debt on their books may want to consider the following four companies. Many popular tech and social media companies, such as Amazon and Tesla, do not pay dividends, and Apple has a debt-to-equity ratio of 1.41. For those looking for the confidence of holding dividend-paying stocks with low debt, AllianceBernstein Holding, Centerra Gold, Janus Henderson, and Teekay Tankers deserve a closer look.
AllianceBernstein Holding is an investment firm based in Nashville, Tennessee, with a market capitalization of $3.93 billion. The company is well-liked among analysts, with TD Cowen giving it an “outperform” rating and Goldman Sachs listing it as a “buy.” With a debt-to-equity ratio of 0.0 and a dividend yield of 8.09%, AllianceBernstein Holding offers a solid investment option for those looking for a reliable dividend payment with minimal debt.
Centerra Gold, a precious metals mining company based in Toronto, has a market capitalization of $1.50 billion and a debt-to-equity ratio of 0.01. The company pays a dividend yield of 2.97% and is currently trading at a 13% discount from its book value. Although analysts are predicting a negative earnings number for next year, this stock may still be a good option for those looking for a dividend-paying stock with minimal debt.
Janus Henderson, a money management firm headquartered in London, has a market capitalization of $5.59 billion. With a debt-to-equity ratio of 0.07 and a dividend yield of 4.48%, this company offers a solid investment option for those looking for a reliable dividend payment with low debt. Analysts have recently upgraded the stock from “hold” to “buy,” with a price target of $37.
Teekay Tankers, a marine oil and gas shipping company based in Bermuda, has a market capitalization of $2.47 billion and a debt-to-equity ratio of 0.04. With a dividend yield of 1.39%, this stock offers a modest return for investors. While earnings have been down this year and are expected to decrease next year, Teekay Tankers may still be a good option for those looking for a dividend-paying stock with minimal debt in the oil and gas industry.
