Updated 01/02/2017: Scroll down the page to find the current list of 20 debt-free S&P 400 mid-cap companies. This list is updated on monthly basis. For a list of debt-free S&P 500 companies, click here.
One easy way to own all 21 debt-free stocks is through a brokerage called Motif Investing. Using Motif Investing, you can create a “motif” which is like a mini-EFT. Add up to 30 stocks. Then purchase them all at once for just $9.95. Check out the special offer for new customers after the table.
To find the list of debt-free S&P 400 mid-cap companies, I tested various filtering tools and stock screeners around the web to find tools with access to the necessary data sets. Few were sufficient. The best screener I could find was in my own TD Ameritrade account.
My screen had two constraints:
- Index = S&P 400 mid-cap
- Debt to Capital = 0%
Once I screened the debt-free companies, I cross-checked each balance sheet via Yahoo Finance to verify the companies had no long or short-term debt.
The table in the following section contains the list of 21 stocks and some basic information including market capitalization, PE ratio, dividend, and yield. Only 14 stocks on the list pay a dividend.
This list is not a recommendation to buy or sell these stocks. For investors that value conservative management or a debt-free lifestyle, this may be a starting point to add positions to your portfolio.
As always, further research should be conducted before buying or selling.
If you see any discrepancies in this list or believe another company belongs or one should be ousted, please contact me or add a note in the comments section.
Buy all the Debt-Free S&P 400 Mid-Cap Stocks for One Low Price
You can attempt to buy each debt-free S&P 400 mid-cap company one at a time. You’ll pay a lot of fees to accomplish this. I prefer a more efficient method.
I’m a big fan of the online broker Motif Investing. With Motif, you can create your own “motif” which is a sort of customized mini-ETF. Then you can buy all the stocks in the motif at once for just $9.95. Up to 30 stocks. So you can make your own Debt-Free Stocks motif and buy them all in one transaction.
With Motif Investing you can also buy individual stocks for just $4.95 per trade. Great price.
Motif Investing is also planning to offer individuals access to IPOs whenever that market recovers. That’s why I first signed up, but I’ve found I’m a big fan of the overall user interface.
There’s a great deal right now on new accounts. Click the banner below to learn more.
List of Debt-Free S&P 400 Mid-Cap Companies
Removed ABMD, DV, THO, FEIC
Added JKHY, UTHR, VSM
I hope investors find this list of debt-free S&P 400 mid-cap companies to be useful. Please comment below if you believe adjustments need to be made.
Disclosure: The author is not long any stocks mentioned
Featured photo credit: iStock.com/marekuliasz