Dividends4Life: Best Dividend Stocks With No Debt But High Cash On Their Balance Sheets

I hate it when one of my stock holdings cut its dividends. Tesco (NASDAQ:TESO) did it recently, and I will lose now 75 percent of my income from the stake. For sure, it’s not much because the stock has only a portfolio share of around one percent, but I've bought this share in hopes of getting a stable output or a rising long-term dividend with low taxation.

Recently I wrote about stocks that have lower debt amounts on their balance sheets in an effort to avoid a future dividend cut. Today I will strengthen my criteria and tighten the focus on stocks with no debt and high cash amounts. That's the highest level of safety investors can reach. Below are my favorite stocks with no debt and lots of cash: Garmin (NASDAQ:GRMN), Fastenal (NASDAQ:FAST), QUALCOMM (NASDAQ:QCOM), Avago Technologies (NASDAQ:AVGO), Whole Foods Market (NASDAQ:WFM) and Visa (NYSE:V).

Source: Seeking Alpha

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- 10 Dividend Stocks For The Ultimate In Deferred Gratification
- 6 Healthcare Stocks With Growing Dividends Yielding In Excess of 2%

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