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

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

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

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618