5 Best Dividend Paying Debt Free Stocks to Buy

2. Cincinnati Financial Corporation (NASDAQ:CINF)

Number of Hedge Fund Holders: 33

Cincinnati Financial Corporation (NASDAQ:CINF) is an American insurance company that offers property and casualty insurance services. The company currently offers a quarterly dividend of $0.81 per share, having raised it by 8% in January this year. This was the company’s 63rd consecutive year of dividend growth. The stock has a dividend yield of 2.76%, as recorded on May 8.

As per Insider Monkey’s database of Q4 2023, 33 hedge funds held stakes in Cincinnati Financial Corporation (NASDAQ:CINF), up from 31 in the previous quarter. These stakes are worth over $700 million in total.

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