With the extreme volatility the market's been experiencing lately, many investors are looking toward high-yield stocks. With stocks that pay high dividends, at least investors can have some income coming in while waiting for their stocks to appreciate.

In addition, for additional safety, investors are looking for companies with no debt. Even better? A high-yielding stock with no debt, a low P/E ratio and a low PEG ratio. It might sounds like a tall order, but there are several stocks that meet those criteria that you might want to consider.

United Online (UNTD) is an Internet and media services company that owns the NetZero and Juno brands. The stock has a P/E of 10 and a PEG ratio of 0.86, and it pays a yield of 9.84%.

Williams Pipeline Partners (WMZ) is a natural gas transportation and storage company. The stock has a P/E of 2 and a PEG ratio of 0.24, and it pays a yield of 9.29%.

Pioneer Southwest Energy Partners (PSE) owns oil and gas properties. The stock has a P/E of 5 and a PEG ratio of 0.68, and it pays a yield of 8.56%.

Starlims Technologies (LIMS) creates and markets laboratory information management systems software solutions. The stock has a P/E of 9 and a PEG ratio of 0.60, and it pays a yield of 7.17%.

NutriSystem (NTRI) is a provider of weight management and fitness products and services. The stock has a P/E of 6 and a PEG ratio of 0.34, and it pays a yield of 5.86%.

Maxim Integrated Products(MXIM) makes and sells linear and mixed-signal integrated circuits. The stock has a P/E of 14 and a PEG ratio of 0.92, and it pays a yield of 5.71%.

Electro Rent (ELRC) rents, leases and sells electronic equipment. The stock has a P/E of 15 and a PEG ratio of 0.99, and it pays a yield of 5.22%.

Patterson-UTI Energy (PTEN) is a provider of onshore contract drilling services. The stock has a P/E of 6 and a PEG ratio of 0.57, and it pays a yield of 5.10%.

Christopher & Banks (CBK) designs and markets women's apparel. The stock has a P/E of 12 and a PEG ratio of 0.88, and it pays a yield of 4.67%.

Safety Insurance Group (SAFT) is a provider of automobile insurance in Massachusetts. The stock has a P/E of 7 and a PEG ratio of 0.49, and it pays a yield of 4.36%.

For more high-yield stock ideas, you should check out lists of high-yielding stocks and the monthly dividend stocks at WallStreetNewsNetwork.com. You might also want to take a look at this list of Top-Yielding Defense and Aerospace Stocks.

Posted on Oct. 21, 2008