AT&T Inc. (NYSE:T), Kinder Morgan Inc (NYSE:KMI), Cypress Semiconductor Corporation (NASDAQ:CY) are the top three stocks in Cramer’s high dividend stock list. Each of these stocks has dividend payouts exceeding 3.15 percent.
AT&T Inc. (NYSE:T) is the number one stock in this list with dividend payout of 5.56 percent and the stock was trading high after the acquisition of the third largest wireless carrier of Mexico, Iusacell, for $2.5 billion. However, Cramer mentioned the competition in the telecom list with aggressive pricing strategies of the U.S. wireless telecom carriers. At the same time, Cramer prefers AT&T Inc. (NYSE:T) for its acquisition of DIRECTV (NASDAQ:DTV) and expects the stock to rise up to $38 in the current fiscal year.
Kinder Morgan Inc (NYSE:KMI) is one of Cramer’s favorite high dividend stock pick and it offers dividend payouts of 4.24 percent. While talking about Atlas Pipeline Partners, L.P. (NYSE:APL), he said,
“The yield is too high. If you get a bounce next week, trim your position. I like Kinder Morgan (KMI).” He mentioned the trading trends of Kinder Morgan Inc (NYSE:KMI) while discussing its dividend yields and said, “I like the 5% yield but the stock probably goes lower before it goes higher.”
In his Mad Money show, Cramer mentioned Kinder Morgan Inc (NYSE:KMI) and said, “We are not backing the truck up on anything on this roller coaster market. Should you pick KMI because it has a 5 percent yield, like my charitable trust did? Yes. But there are a lot of people who are dead set against all master limited partnerships.”
Cypress Semiconductor Corporation (NASDAQ:CY) is one of Jim Cramer’s favorite stock picks in the last 30 days and the company has a dividend payout of 3.15 percent. He has mentioned Cypress Semiconductor Corporation (NASDAQ:CY) at least 5 times in the last 30 days and it was also in the Lighting Round of his mad money show.
This article has been written by Prakash Pandey.