Enter multiple symbols separated by commas

Is Opportunity Calling?

As we learned from Citigroup Tuesday, you can’t always trust a company’s dividend. But that isn’t the case with AT&T , Cramer said.

The telco has been a Mad Money favorite for some time, along with Verizon Communications and Altria, for its regular payout. But now there’s another reason to like the company: A misinterpretation of comments made by CEO Randall Stephenson has punished the stock.

Stephenson mentioned at a conference last week that consumer business had seen a slowdown, but he didn’t expect it to affect his business, mainly because other divisions like wireless were going strong. Wall Street overreacted anyway, though, taking the comments as a preannouncement to the downside.

Cramer has since spoken to the AT&T CEO, and Stephenson was emphatic that his business was doing just fine and investors had nothing to worry about. So now the stock is down 12% from its high, and T’s performance is all but guaranteed by its chief executive. It’s an opportunity too good to pass up, Cramer said.

He’s always recommended dividend-paying stocks for the income they provide. Plus, they minimize the downside to an investment. And with a 4.2% yield, AT&T is worth a look by any Homegamer.

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer

    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

Mad Money Moments

Cramer's New Book