KKR & Co. L.P. (NYSE:KKR), Vanguard Natural Resources, LLC (NASDAQ:VNR), RR Donnelley & Sons Co (NASDAQ:RRD) are among the stop stock picks of Jim Cramer because of their high dividend yield. The lower dividend yield that one could expect from these shares is 6.47% while 11.32% being the highest yield.
KKR & Co. L.P. (NYSE:KKR) is Cramer’s top pick for high dividend yield as the company has a current dividend yield of 8.82% with its shares trading at $20.53 at P/E ratio of 7.79. Cramer said on the Lighting Round of Mad Money, “This is a buy. The company is going well and they have a 12% yield.” Earlier, the company announced that it plans to release its third quarter 2014 results on October 23, 2014. KKR & Co. L.P. (NYSE:KKR) has a market cap of $16.45 billion
Vanguard Natural Resources, LLC (NASDAQ:VNR) is another high yield stock pick of Cramer with dividend yields as high as 11.32% and Cramer said, “People have been giving up on this one. I’d buy some and wait for it to go even lower to buy more.” The company has market cap of $1.85 billion and it trades at P/E ratio of 266.49, which prices it in the expensive category. Earlier, Vanguard Natural Resources, LLC (NASDAQ:VNR) announced cash distribution of $0.21 attributable for the month of August 2014 and its payable on October 15, 2014.
RR Donnelley & Sons Co (NASDAQ:RRD) comes at number three with dividend yield of 6.47%. Cramer said, “I think it’s an excellent situation and I think you should be a buyer,” on the Lighting Round of Mad Money show. The company has a market cap of $3.21 billion and trades with current P/E ratio of 19.70. RR Donnelley & Sons Co (NASDAQ:RRD) announced that it would report third quarter 2014 results on November 5, 2014.
This article has been written by Prakash Pandey and edited by Serkan Unal.