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Cramer Talks Up Dividend Stocks (NLY, CIM, DX, ETP, EPD, LINE, APL)

by Todd Shriber | December 23rd  |  Filed in: Dividend News

Jim Cramer is still bullish on select dividend stocks and named names on Wednesday’s episode of “Mad Money.” Mortgage REIT Annaly Capital Mgmnt (NLY) is one name Cramer said investors should embrace, calling Annaly Capital a “buy.” The stock currently yields a whopping 14%. The Mortgage Investment Stocks Index is up about 10% in the past six months.

Chimera Investment (CIM), another Index constituent, with a 16.3% yield based on historical distributions, has returned almost 16% over the past six months while Dynex Capital (DX) has jumped 13%. Dynex Capital yields 10%.

Cramer also highlighted a couple of highlighted a couple of MLPs, expressing a bullish view on Energy Transfer Partners (ETP), but noting that his preference is for Enterprise Prods Partners (EPD), the largest publicly traded U.S. MLP. Energy Transfer yields 7.2% while Enterprise Products offers a yield of 5.7%, both based on historical distributions. The MLPs Index, with an average yield of 6.1%, has returned nearly 25% in the past six months.

Linn Energy LLC (LINE), another name that Cramer has previously been bullish on, is up almost 26% in the past three months, and currently yields 7.1%. Atlas Pipeline Partners (APL) is one of the Index’s top performers over that timeframe with a gain of almost 38%. Atlas Pipeline features a 5.7% yield.

Investors can track dozens of high yielding Indexes at tickerspy.com.


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