Cramer Touting More Dividend Growers (PG, APD, NAT, MMM)

Jim Cramer’s featured list of stocks this week on CNBC’s MAD MONEY is on companies which have grown or will grow their dividends.  Tonight, Cramer touted Proctor & Gamble Co. (NYSE: PG) with a current yield of 3.4%.  Cramer said he normally wouldn’t back a defensive stock if we are close to a recovery, but the new money flow may debase the currency.  Cramer thinks P&G is a weak currency beneficiary and he thinks its pricing power can stick with its branding.  If this stock’s dividend safety sounds familiar, it is because P&G was one of our own big list of companies which we said would not cut its dividend.

On Monday evening, Cramer noted two others in detail: Air Products & Chemicals Inc. (NYSE: APD) and Nordic American Tanker (NYSE: NAT).

Also, we noted that 3M Co. (NYSE: MMM) is another stock which recently hiked its quarterly payout to holders.  3M shares are up over 20% from recent lows, and it is likely that the company would be one of the feature stocks Cramer discusses this week regarding dividend hikes.

Jon C. Ogg
March 24, 2009