Jim Cramer says these 10 high-yielding dividend stocks should be on your shopping list

CNBC’s Jim Cramer on Wednesday offered investors a list of stocks with sizable dividend yields that he believes should be on their shopping list.

Investors may turn to dividend-paying stocks during periods of market turbulence, viewing their tangible payouts as a place of safety, the “Mad Money” host said. And Wall Street has been volatile to start the year, as investors balance inflation fears with, more recently, Russia’s invasion of Ukraine.

“All of this indiscriminate selling has created many stocks with what I think are absurdly high yields that also happen to be dirt-cheap on the earnings,” Cramer said, calling the stocks “accidentally high-yielders.”

A stock’s dividend yield increases as its share price falls. As a result, sometimes companies with high-yielding stocks may have an underlying business problem that’s contributed to their share price declining.

In attempt to screen out struggling companies with unsustainable dividends, Cramer’s list of stocks all meet the following criteria:

  • Has yields above 3%
  • Price is cut down more than 20% from its high
  • Price doesn’t exceed 25 times its earnings
  • Price exceeds 8 times earnings
  • Market capitalization is larger than $2 billion

Using the above criteria, Cramer shrunk the list of hundreds of stocks listed in the S&P 500, the S&P MidCap 400, and the small-cap S&P 600 to 39, and then narrowed the list further to 10 stocks he believes could be buying opportunities.

Here’s the list:

  1. Simon Property Group Inc
  2. Dow Inc
  3. International Paper Co
  4. Walgreens Boots Alliance Inc
  5. Kontoor Brands Inc
  6. Newell Brands Inc
  7. American Eagle Outfitters Inc
  8. Pfizer Inc
  9. Innovative Industrial Properties Inc
  10. Morgan Stanley

“Even after today’s big bounce, it’s not too late to start putting in some money in some of these things. Find one you like,” Cramer said. “Given the current backdrop, I wouldn’t be surprised if you can buy even more at lower levels, because the market is so choppy.”

Disclosure: Cramer’s charitable trust owns shares of American Eagle Outfitters and Morgan Stanley.

Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

Disclaimer

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagram

Questions, comments, suggestions for the “Mad Money” website? [email protected]

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.