A Stock to Sink Your Teeth Into
"You don't need to catch the next high-flyer to make a lot of money in this market," Cramer said Wednesday. "You don't need to find the next Apple or the next Facebook to be a winner.
"Keep it simple. Stay diversified. Own something with a safe, consistent high yield and the ability to raise the dividend."
Take B&G Foods , for example. Based in Parisippany, N.J., it operates 18 brands, including Ortega, Cream of Wheat and Maple Grove Farms of Vermont Syrup, among others.The company is currently acquiring small brands from large companies and turning them around through innovation and promotion. With interest rates low, B&G can cover the interest expense on its debt load and afford to hike its dividend.
The processed and packaged goods name raised its dividend by 24 percent on Thursday. After reporting strong earnings, its stock soared. Cramer has liked this BGS since Oct. 27, 2010 when it was trading at $11.98. Since then, it's produced a 52 percent gain while the S&P 500 is up just 11 percent.
The "Mad Money" host thinks food company's future will taste sweet, but to be sure, he wanted to check in with CEO David Wenner. Watch the video to see his full interview.
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