On Monday the Mad Money host kicked off a weeklong look at companies that have announced dividend boosts, with Cramer highlighting the stocks he likes best.
First up, Hasbro . On Thursday the company increased its dividend by a massive 25 percent, the fourth-largest percentage dividend increase so far this year.
“Dividend increases are the true harbingers of what the health of the market is,” Cramer said, “not the oil futures, the dollar or gold.”
Today the game and toymaker announced a fantastic quarter, with earnings coming in at $1.09 per share, 28 cents higher than the streets’ consensus, and revenues at $1.38 billion, or $400 million above what the analysts were looking for. This caused HAS to leap $3.91 or 12.7 percent in a single day.
Cramer told viewers they should have watched the company’s dividend growth, and that’s one of the reasons he recommended Hasbro on June 19, when it was trading at $25.14.