Cramer Likes Paychex Stock’s Big, Juicy Dividend
In a volatile market environment, Cramer said there’s nothing better than a stock that pays a big, juicy dividend yield. After all, the dividend pays you to wait until things get better economically and the market calms down.
Take Paychex , for example. The payroll processing company’s stock sports a hefty 4.2 percent dividend yield. With its big dividend, Paychex is waiting for investors to wait until hiring picks up in the U.S. Cramer thinks hiring may already be turning around, too, as data last week showed the jobless claims number fell to the lowest level since May 2008.
To get a better read on the employment situation, Cramer spoke with CEO Marty Mucci. Watch the video to see the full interview.
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