10 Best Debt Free Dividend Stocks to Invest in

7. RPC, Inc. (NYSE:RES)

Number of Hedge Fund Holders: 14

Market Cap as of December 7: $1.28 billion

Enterprise Value as of December 7: $990.3 million

RPC, Inc. (NYSE:RES) ranks seventh on our list of the best debt free stocks that pay dividends. The American oil and gas services company offers a wide range of related products and services to its consumers. The company concluded 2024 with a modest sequential improvement in pressure pumping performance, while overall business activity remained subdued due to the typically lower customer activity in the fourth quarter. The increased utilization of pressure pumping assets, following a weaker third quarter, was largely driven by demand for Tier 4 dual fuel equipment.

For 2025, RPC, Inc. (NYSE:RES) intends to continue investing in innovation across its operations, with projected capital expenditures ranging between $150 million and $200 million for the year. Expanding through acquisitions remains a key strategic focus, with an emphasis on acquiring high-cash-flow, profitable businesses with strong customer bases. The company maintains a debt-free balance sheet as it ended the year with over $300 million in cash, providing ample liquidity to support organic investments, potential acquisitions, and capital returns to shareholders.

In FY24, RPC, Inc. (NYSE:RES) reported an operating cash flow of $349.4 million and its free cash flow came in at $129.5 million. Moreover, it returned $34.4 million to shareholders through dividends. The company’s quarterly dividend comes in at $0.04 per share and has a dividend yield of 2.62%, as of February 11. It has been making regular dividends to shareholders for nearly 30 years.