5 Dividend Paying Companies With No, Or Very Little Debt (Part 2)

Welcome back! In the first installment of the series, I covered Crown Crafts, Chicago Rivet and Machine, American Eagle, Arctic Cat and Barnes and Noble. Out of those five, I picked Chicago Rivet and Machine as my personal winner, but Crown Crafts was a close second. Please take a look at that article for the introduction into the series of articles and a basic breakdown of why debt can be good or bad. For this article we will look at Daktronics (Nasdaq: DAKT), Fastenal (Nasdaq: FAST), Garmin (Nasdaq: GRMN), Manning & Napier (NYSE: MN) and Nutrisystem (Nasdaq: NTRI). I'll provide a very general outline of their business, cover their dividend and a basic breakdown of their current financials using their last reported quarter and consider the safety of the dividend. For the sake of the article, I will consider debt to be reported on their balance sheets as "Short Term Debt" and "Long Term Debt" and their cash amounts will be "Cash and Cash Equivalents." The balance sheets will be the consolidated balance sheets of all parts of the business. Let's get started.
Daktronics
Daktronics is a $362M market cap manufacturer of lighted display systems such as scoreboards and road signs you may see at schools, sports arenas, theaters and flashing warning messages on the side of the road. Founded in 1968 in South Dakota where they are still based, they employ 2,750 people. They currently yield around 4.6% and pay out $.10 quarterly per share. The... Read more