10 dividend stocks that Jim Kramer says should be on your shopping list

CNBC’s Jim Kramer on Wednesday offered investors a list of stocks with significant dividend earnings that he said should be on their shopping list.

Investors can turn to dividend-paying stocks during periods of market turbulence, viewing their tangible payouts as a place of security, the Mad Money presenter said. And Wall Street was volatile earlier this year as investors balanced inflation fears with Russia’s recent invasion of Ukraine.

“All this indiscriminate sale has created a lot of shares with an absurdly high return, which I think is also cheaply cheap for profits,” Kramer said, calling the shares “accidentally high-yielding.”

Dividend yield on shares increases as the share price falls. As a result, sometimes high-yielding stock companies may have a major business problem that has contributed to lowering their stock price.

In an attempt to weed out struggling companies with unsustainable dividends, Cramer’s share list meets the following criteria:

• Yields over 3%
• The price has been reduced by more than 20% from its highest value
• The price does not exceed 25 times the profit
• The price exceeds 8 times the profit
• The market capitalization is more than $ 2 billion

Using the above criteria, Kramer narrowed the list of hundreds of stocks listed in the S&P 500, S&P MidCap 400 and S&P 600 with a small capitalization to 39, and then narrowed the list down to 10 more stocks he thought could be a buy option.

Here is the list:

1. Simon Property Group Inc.
2. Dow Inc
3. International Paper Co
4. Walgreens Boots Alliance Inc.
5. Office 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 rebound, it’s not too late to start investing in some of these things. Find one you like,” Kramer said. “Given the current background, I wouldn’t be surprised if you can buy even more at lower levels because the market is so turbulent.”

Disclosure: Kramer’s charity trust owns shares in American Eagle Outfitters and Morgan Stanley.

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