There are few investments better for putting a steady stream of dividend income into your portfolio than master limited partnerships. That’s why Cramer has repeatedly recommended names like Kinder Morgan Energy Partners , which yields a sizable 6 percent. On Wednesday, he returned to another moneymaking MLP, Ferrellgas Partners, that’s climbed 23 percent since his first recommendation back in December 2009.
Ferrellgas , which yields more than 7 percent, is a play on propane. It’s the second-largest distributor in the U.S. and makes its money buying the gas wholesale and then selling to consumers at retail prices. This allows the company to sidestep and commodity price changes, Cramer said, and it makes Ferrellgas an unregulated utility of sorts, serving a million customers in the Midwest, Southeast, Southwest and Northwest.
Now, that said, Ferrellgas’ latest quarter, reported in December, was a disappointment due to weak retail propane volumes caused by warmer-than-average weather. So as much as Cramer likes the yield, he said he needed to know more about the company before reiterating his buy call. To that end, he invited CEO and President Steve Wambold onto “Mad Money.” Watch the video for the full interview.
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