7 Best Debt Free Dividend Stocks To Buy

3. Janus Henderson Group plc (NYSE:JHG)

Dividend Yield as of August 16: 4.29%

Market Cap as of August 16: $5.79 billion 

Enterprise Value as of August 16: $4.24 billion 

Janus Henderson Group plc (NYSE:JHG) ranks third on our list of the best debt free stocks that pay dividends. The UK-based asset management company offers a wide range of financial products and services to its consumers. The company takes pride in assisting over 60 million people in investing for a brighter future, drawing on its 90 years of experience. This long history has shaped a strong research culture and a people-focused approach, which helps clients define and achieve exceptional financial outcomes. From 2015 through the second quarter of 2024, the company grew its assets under management (AUM) from $190 billion to $361.4 billion.

Janus Henderson Group plc (NYSE:JHG) reported strong earnings in the second quarter of 2024. This success is attributed to strong markets, effective alpha generation, cost control, and increased productivity, which resulted in a nearly 37% year-over-year increase in diluted adjusted EPS. The company’s robust balance sheet allows for flexibility in both organic and inorganic investments, as well as returning cash to shareholders. During the quarter, it paid $97 million to shareholders through dividends and share buybacks. In addition, the active M&A pipeline and recent bolt-on acquisitions are seen as the start of several future partnerships aimed at meeting clients’ needs and supporting the company’s growth. The company has a debt-to-equity ratio of 0.06, which is a lot less than its competitor Affiliated Managers Group’s 0.5. It is among the best debt free stocks on our list.

Janus Henderson Group plc (NYSE:JHG) started its dividend policy in 2017 and has paid regular dividends to shareholders since then. The company pays a quarterly dividend of $0.39 per share and has an impressive dividend yield of 4.29%, as of August 16.

Insider Monkey’s database for Q2 2024 indicated that 31 hedge funds owned stakes in Janus Henderson Group plc (NYSE:JHG), compared with 36 in the previous quarter. The consolidated value of these stakes is roughly $233 million.