5 Best Dividend Paying Debt Free Stocks to Buy

4. T. Rowe Price Group, Inc. (NASDAQ:TROW)

Number of Hedge Fund Holders: 32

T. Rowe Price Group, Inc. (NASDAQ:TROW) is a global investment management company that provides a wide range of investment products and services to individual and institutional investors. On May 7, the company declared a quarterly dividend of $1.24 per share, which was consistent with its previous dividend. Overall, the company holds a 38-year streak of consistent dividend growth. With a dividend yield of 4.44% as of May 8, TROW is one of the best debt free stocks on our list.

T. Rowe Price Group, Inc. (NASDAQ:TROW) was a popular buy among elite funds as hedge fund positions grew to 32 in Q4 2023, from 24 in the previous quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds have a total value of over $637.5 million.

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