5 Best Dividend Paying Debt Free Stocks to Buy

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1. The New York Times Company (NYSE:NYT)

Number of Hedge Fund Holders: 39

The New York Times Company (NYSE:NYT) tops our list of the best debt free stocks that pay dividends. The American mass media company currently pays a quarterly dividend of $0.13 per share, growing it by 18.2% in February 2024. Through this increase, the company stretched its dividend growth streak to six years. The stock supports a dividend yield of 1.09%, as of May 8.

At the end of December 2023, 39 hedge funds tracked by Insider Monkey owned stakes in The New York Times Company (NYSE:NYT), up from 33 in the preceding quarter. These stakes are worth over $2.2 billion in total. With over 9.4 million shares, Farallon Capital was the company’s leading stakeholder in Q4.

Follow New York Times Co (NYSE:NYT.A)

You can also take a look at Largest Insider Buys: Top 10 Stocks and Insiders are Buying These 10 Undervalued Bank Stocks

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