Debt-Free Dividend Payers

We all know the story of the tortoise and the hare. In the investing world, our hares are represented by high-growth stocks, and our turtles are ... dividend stocks. Though being a hare is much sexier, study after study has shown that it's plenty wise to be a tortoise. Taking it a step further, we can even break up dividend stocks into a sexy, high-yielding group, and a less exciting but more sustainable group.

Today, I'm going to offer you three stocks from the latter group that can shepherd your retirement portfolio over the coming decades, while helping you sleep better at night. There's nothing inherently wrong with high-yielding stocks. But if you want to buy companies with rock-solid balance sheets and little to worry about, these types of stocks may not be for you. If a business is willing to give shareholders a dividend, it needs to make sure there's enough cash on hand to cover all of the other expenses. When a company has no long-term debt, it makes the decision to pay dividends exponentially easier.

Source: Motley Fool

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