10 Best Debt Free Dividend Stocks to Invest in

4. Cal-Maine Foods, Inc. (NASDAQ:CALM)

Number of Hedge Fund Holders: 24

Market Cap as of December 7: $5.36 billion

Enterprise Value as of December 7: $4.57 billion

Cal-Maine Foods, Inc. (NASDAQ:CALM) ranks fourth on our list of the best debt free stocks that pay dividends. The company is the leading producer and distributor of fresh shell eggs in the US. It reported a strong financial and operational performance in the second quarter of fiscal 2025. The company experienced robust demand for shell eggs, leading to a significant increase in dozens sold during the quarter, which included the seasonal boost leading up to Thanksgiving and sales from a recent acquisition completed in June. The results also benefited from higher market prices, which have continued to rise this fiscal year due to restricted supply levels of shell eggs caused by recent outbreaks of highly pathogenic avian influenza (HPAI). The stock has surged by over 103% in the past 12 months.

In fiscal Q2 2025, Cal-Maine Foods, Inc. (NASDAQ:CALM) reported revenue of $954.7 million, which showed a significant 82.4% growth from the same period last year. The company’s net income for the quarter came in at over $219 million. It currently has around $60 million allocated to new capital projects aimed at expanding its cage-free capacity, including the $40 million in projects announced in October. These projects involve the addition of five new cage-free layer houses and two pullet houses across the company’s locations in Florida, Georgia, Utah, and Texas.

Upon completion, Cal-Maine Foods, Inc. (NASDAQ:CALM) expects these projects to provide additional production capacity for approximately 1.1 million cage-free layer hens and 250,000 pullets by late summer 2025. Additionally, the company is investing $15 million to expand its egg products processing facility in Blackshear, Georgia, to include extended shelf-life liquid egg products.

During the quarter, Cal-Maine Foods, Inc. (NASDAQ:CALM) paid $73 million to shareholders through dividends. On January 9, the company declared a quarterly dividend of $1.49 per share, compared to its previous dividend of $1.02 per share. With a dividend yield of 3.75% as of February 11, CALM is one of the best debt free stocks that pay dividends.