Expect a Dividend Cut at Inergy?
Cramer fave Inergy disappointed Wall Street Monday morning with its weak quarterly report and lower-than-expected guidance for 2011. The stock took as much as 3-percent hit at one point during trading, but did later rebound to close down just 22 cents.
Now, the big worry here is the dividend. Inergy yields a monster 7.2 percent, and it’s a big reason why Cramer likes the company, which is the fourth-largest propane distributor in the country. But is a cut likely, especially after the big $365 million secondary offering Inergy did back in September?
That’s what Cramer wanted to find out. So he asked CEO John Sherman to appear on “Mad Money.” Watch the video to see the full interview.
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