Cramer's Favorite High Dividend Picks: Williams Partners L.P. (WPZ), Cypress Semiconductor Corporation (CY), Kinder Morgan Inc (KMI)
Cramer Picks
Williams Partners L.P. (NYSE:WPZ), Cypress Semiconductor Corporation (NASDAQ:CY), Kinder Morgan Inc (NYSE:KMI) are among the favorite high dividend picks of Jim Cramer. Each of these stocks has a dividend pay rate nearing 4% and stable performance in the recent months.
Williams Partners L.P. (NYSE:WPZ) is the highest dividend paying stock in Cramer's list with dividend yield of 7.27% and current trading price of $51.10. Cramer mentioned William Partners in his Mad Money Lighting Round and while talking about Williams Partners L.P. (NYSE:WPZ), he said, "I like this one. I also like Williams Companies (WMB). I think this one is excellent." The company has current market cap of $22.47 billion and it is in Cramer's high-dividend stock list for past several weeks.
Cypress Semiconductor Corporation (NASDAQ:CY) is another high dividend yield stock in Cramer's list with yields of 3.38%. Cramer praised the CEO of Cypress Semiconductor Corporation (NASDAQ:CY), T. J. Rogers, for creating "tremendous value" and he said, "I love him, I love the stock" during the Mad Dash segment of his show. Earlier, Cramer said, "I like Cypress. You get a great yield and T.J. Rodgers." The shares of Cypress Semiconductor Corporation (NASDAQ:CY) are trading at $13.02 with year-to-date growth of 23.95%.
Cramer is a long-time fan of Kinder Morgan Inc (NYSE:KMI) with current dividend yield of 4.28%. While talking about the complete energy sector, Cramer called it as the only stock untouched by oil's vulnerability. Cramer further added, "After the hideous decline in crude over the past couple of months, Kinder Morgan is still less than a point off of its 52-week highs and I'm telling you it should be snapped up into any kind of weakness. In fact, I think the stock would be even higher right now if not for the wholesale collapse in oil."
At the same time, he mentioned Kinder Morgan Inc (NYSE:KMI) every time while talking about the energy sector adding, "Kinder Morgan (KMI) is the way to go in this group." Any investors looking to invest in energy are advised by Cramer to go along with this stock.
This article has been written by Prakash Pandey.
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