10 Best Debt Free Dividend Stocks to Invest in

8. FinVolution Group (NYSE:FINV)

Number of Hedge Fund Holders: 10

Market Cap as of December 7: $2.15 billion

Enterprise Value as of December 7: $919.9 billion

FinVolution Group (NYSE:FINV) is a China-based fintech platform that offers a wide range of related services, including credit risk assessment, loan transactions, and fraud detection. In the third quarter of 2024, the company’s total registered users reached 166.8 million, representing a 9.3% increase from the same period in 2023. Meanwhile, the number of cumulative borrowers rose to 26.3 million, reflecting a 6.0% year-over-year growth.

In addition, FinVolution Group (NYSE:FINV) saw an increase in international revenue, which climbed to RMB635.5 million—an 8.7% rise from the previous year—accounting for 19.4% of total net revenues. Moreover, international transaction volume surged by 22.7% year-over-year, reaching RMB2.7 billion. Overall, transaction volume amounted to RMB49.5 billion, up 0.8% compared to the same period in 2023.

FinVolution Group (NYSE:FINV) is generating solid returns, surging by over 68% in the past 12 months. The company’s cash position also makes it a reliable investment option among income investors. At the end of the quarter, the company had $727.4 million available in cash and cash equivalents. It currently offers an annual dividend of $0.237 per share and has a dividend yield of 2.97%, as of February 11. FINV is one of the best debt free dividend stocks on our list as the company has been growing its payouts for four consecutive years.