CNBC’s Jim Cramer Thursday offered investors a list of dividend stocks with yields that have risen recently, which he believes should add buyers to their portfolios.
Dividends are generally an “unassailable defense against a volatile market,” said the host of “Mad Money,” meaning they could be attractive additions to the portfolio of an investor concerned about Russia’s invasion of Ukraine, the rising inflation and Covid fears that have fueled the market in recent weeks.
“You want lavish dividends that are also safe, and the best way to determine the safety of a dividend is to look for the companies that have recently increased their payouts, as that is the ultimate sign of confidence in the future.” said Cramer. “In addition, with interest rates rising, only the dividend boosters can keep up with the competition in the bond market,” he added.
To come up with his list, which he says are the “biggest dividend increases of 2022 yet,” Cramer only included stocks that increased their dividend by more than 20% this year. Based on these criteria, he narrowed the list from hundreds of stocks in the S&P 500 to 27 names, then to 11 stocks that he believes could outperform inflation and make an attractive addition to buyers’ portfolios.
Here’s the list:Pioneer Natural ResourcesCoterra EnergyDevon EnergyHalliburtonTractor SupplyBest BuyDollar GeneralNXP SemiconductorsPrologisWells FargoAmerican Express
“If the Fed tightens to curb rampant inflation, I don’t want you to think about it — you want the wagons around companies raising their dividends quickly,” Cramer said.
Disclosure: Cramer’s Charitable Trust owns shares of Devon, Halliburton and Wells Fargo.
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This post Jim Cramer Says Investors Should Buy These 11 Recently Boosted Dividend Stocks was original published at “https://www.cnbc.com/2022/03/17/jim-cramer-says-investors-should-buy-these-11-recently-boosted-dividend-stocks.html”