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Cramer's Top 3 Safe Dividend Stocks Revealed
22 Nov
Summary
- Enbridge offers over 5.6% yield for pipeline volume, not cost.
- Pfizer's nearly 6.9% yield acts as a bond equivalent.
- Realty Income maintains 98.7% occupancy despite retail concerns.
Jim Cramer has spotlighted three dividend-paying companies that he believes offer exceptional safety and potential returns, even in a shaky market. He cautioned that many high yielders are risky, but these selections are different.
Enbridge, a crucial oil pipeline operator, is highlighted for its yield exceeding 5.6%. Unlike producers, its success hinges on commodity volume, which is bolstered by increased oil production. Cramer noted its predictable business model and wealthy customer base, downplaying regulatory risks under the current administration.
Pfizer, the pharmaceutical giant, boasts a nearly 6.9% yield and is described as a 'bond equivalent.' Cramer sees potential for its acquired businesses to offset patent expirations, supported by strong cash flow that easily covers its dividend. Realty Income, a real estate investment trust, provides around a 5.7% yield. Despite concerns about its tenant base, its occupancy rate remains robust at 98.7%, with many essential goods tenants well-positioned to weather economic slowdowns.
