“Mad Money” host Jim Cramer wouldn’t bet against Cliffs Natural Resources in the long-term, he said Tuesday.
The company could have problems if the demand for iron in China declines. However, Cliffs Natural Resources, a major supplier of iron ore, just boosted its dividend by 123 percent last week.
“This kind of dividend raise is as statement by management that they’re extremely confident in the company’s future,” Cramer said.
To find out more about Cliffs Natural Resources and its recent capital allocation announcements, Cramer spoke with Chairman and CEO Joe Carrabba. Watch the videoto see the full interview.
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