5 Best Dividend Paying Debt Free Stocks to Buy

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In this article, we discuss 5 best dividend-paying debt free stocks to buy. If you want to read our detailed analysis of dividend stocks and their previous performance, go directly to read 11 Best Dividend Paying Debt Free Stocks to Buy

5. Garmin Ltd. (NYSE:GRMN)

Number of Hedge Fund Holders: 27

Garmin Ltd. (NYSE:GRMN) is a Kansas-based tech company that specializes in the design and manufacturing of a wide range of wireless devices. On February 23, the company declared a 3% hike in its quarterly dividend to $0.75 per share. This was the company’s fourth consecutive year of dividend growth. The stock has a dividend yield of 1.76%, as of May 8.

The number of hedge funds tracked by Insider Monkey owning stakes in Garmin Ltd. (NYSE:GRMN) grew to 27 in Q4 2023, from 22 in the previous quarter. The collective value of these stakes is over $555 million. With over 2.2 million shares, Select Equity Group was the company’s leading stakeholder in Q4.

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