FEATURED SLIDESHOW
Who Is The Worst CEO?Mad Money needed new inductees for its
Wall of Shame, so we asked viewers for
nominations.
RECENT POSTS
- Time to Buy Treasurys?
- Lightning Round: Las Vegas Sands, ADC Telecom, Satyam Computer and More
- Lightning Round OT: Knight Capital, Ebix and More
- Is Lear, Back From Bankruptcy, a Buy?
- Sanofi-Aventis Falling Off a Patent Cliff?
- Cramer: Your Thanksgiving Week Game Plan
- Cramer: Next Week Should Define Rest of ‘09
- Mad Money: Mad Mail: Buy RIM or Apple?
- Lightning Round: Cisco Systems, Citigroup, Baidu.com and More
- Lightning Round OT: Martek Biosciences, Valmont Industries and More
MAD MONEY FEATURES
PODCASTSWatch the Lightning Round whenever and wherever you want.
OFFICIAL MAD MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
CRAMERS SOUNDBOARDAdmit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.
CHECK OUT OUR PHOTOSCheck out Cramer on set, back to school, behind the scenes and more.
SHOP FOR MAD MERCHANDISEBuy Cramer books, bobbleheads and other Mad Money merchandise.
RING TONESPick up the phone! It's Cramer! New Mad Money sounds for your cell phone.
TEXT MESSAGE ALERTMad Money's mobile. Get show highlights sent to your phone.
Text Size 
Add Boardwalk Pipeline Partners to Cramer’s list of dividend-paying stocks to own.
BWP [BWP
Loading...
()
] is a master limited partnership that owns and operates two natural gas pipelines. And, as Cramer’s said before, MLPs must pay out their excess free cash flow in the form of tax-deferred dividends. BWP is yielding 8.25% this year, or $1.90 a share, and is expected to increase to 9% next year, or $2.07 a share.
That’s a great dividend, and if this wacky market pulls the stock down further, you’ll only earn more. In fact, Cramer recommended buying BWP using the same descending scale he’s mentioned before. Grab some at present levels and then wait for the stock to drop to $20.70, where the yield will jump to 10% for next year’s expected payout.
One note about the tax deferment: Cramer said MLP distributions can be a bit complicated, so he suggested talking to a tax professional to make sure you’re getting all the benefits that come with owning these kinds of stocks.
Of course, you always want to make sure a company can meet its dividend, and it looks like Boardwalk Pipeline can. About $2.81 a share is expected in cash flow for 2009, so that will cover the $2.07 a share dividend.
Plus, the Tisch family-owned Lowes [L
Loading...
()
] holds 70% of BWP and expects to invest another $1 billion by next year to help BWP meet its growth goals.
BWP also has three projects that are expected to double its revenues by 2012, as well as double the life of its pipeline contracts.
Every time the company expands the chances get better that the dividend will be increased. That’s how it worked at Kinder Morgan Energy Partners [KMP
Loading...
()
]. And a 9% yield makes waiting all the more easy. That’s why Cramer’s bullish on BWP.
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Data is a real-time snapshot *Data is delayed at least 15 minutes