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