Cramer’s Favorite Dividend Picks: HCP, Inc. (HCP), Paychex, Inc. (PAYX) and Markwest Energy Partners LP (MWE)

HCP, Inc. (HCP)

Jim Cramer is known for his individual opinion with solid market research to support the same and last week he included HCP, Inc. (NYSE:HCP), Markwest Energy Partners LP (NYSE:MWE), Paychex, Inc. (NASDAQ:PAYX) in his high dividend stock list. Cramer has recommended each of these companies at least once during the past week.

HCP, Inc. (NYSE:HCP) has dividend yield of 5.5% which puts it in the high-dividend paying stock list. Cramer was bullish about HCP and said that dividend stocks are not in fashion but HCP, Inc. (NYSE:HCP) has a huge growth potential. In second quarter 2014, HCP, Inc. (NYSE:HCP) raised its full year guidance for FFO to $3.01 to $3.07 per share and FAD to $2.50 to $2.56 per share. Further, the real estate investments amounted to $360 million for the second quarter 2014. HCP, Inc. (NYSE:HCP) has market capitalization of $18.36 billion with 90% institutional ownership.

HCP, Inc. (HCP)

Markwest Energy Partners LP (NYSE:MWE) is one of the high growth companies listed by Cramer on his Mad Money show. Cramer said that MWE maintains a terrific growth story and the company’s stock have improved by 23% since Cramer spoke with its CEO. Markwest Energy Partners LP (NYSE:MWE) has a dividend yield of 4.57% and market cap of $14.55 billion. Markwest Energy Partners LP (NYSE:MWE) announced distributable cash flow of $161.7 million for the second quarter 2014.

Paychex, Inc. (NASDAQ:PAYX) is in Cramer’s good books and he gave a “Buy” rating to the company considering its continued hiring process for expansion in the United States. Paychex, Inc. (NASDAQ:PAYX) has dividend yield of 3.45% with market capitalization of $15.96 billion and institutional ownership of 68%.

This article has been written by Prakash Pandey.

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