10 Best Debt Free Dividend Stocks to Invest in

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1. Janus Henderson Group plc (NYSE:JHG)

Number of Hedge Fund Holders: 29

Market Cap as of December 7: $7.12 billion

Enterprise Value as of December 7: $6.3 billion

Janus Henderson Group plc (NYSE:JHG) is an asset management company, headquartered in the UK. The company recently reported its Q4 2024 earnings, posting revenue of $708.3 million, which saw a 25% growth from the same period last year. As of December 31, 2024, the company’s assets under management (AUM) increased by 13% year over year, reaching $378.7 billion. The company was encouraged by $2.4 billion in net inflows in 2024, which contributed to new revenue generation in the second half of the year. With the acquisitions of NBK Capital Partners, Victory Park Capital, and Tabula, the company has expanded its private market capabilities and gained early access to the rapidly growing active ETF market in Europe.

With a 90-year legacy, Janus Henderson Group plc (NYSE:JHG) has helped over 60 million individuals secure their financial futures. This long history has cultivated a strong research-driven culture and a client-focused approach, enabling people to reach exceptional financial goals. From 2015 to the fourth quarter of 2024, the company grew its assets under management (AUM) from $190 billion to approximately $380 billion.

Janus Henderson Group plc (NYSE:JHG) maintained a strong balance sheet and solid cash generation in 2024, ending the year with around $1.2 billion in cash and cash equivalents and generating $695 million in operating cash flow. In addition, the Board of Directors declared a quarterly dividend of $0.39 per share, returning a total of $458 million to shareholders through dividends and share buybacks during the year. The stock supports a dividend yield of 3.56%, as of February 11.

Overall Janus Henderson Group plc (NYSE:JHG) ranks first on our list of the best debt free stocks that pay dividends. While we acknowledge the potential for JHG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JHG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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