Cramer's Top 5 Dividend Stocks
Abbott Laboratories (ABT)
Drug manufacturer Abbott Laboratories currently boasts a 3.3 percent dividend yield. The Abbott Park, Ill.-based company has increased its payout at a 14 percent compound annual clip since 1980, too.
Abbott plans to split into two companies later this year with the branded drugs business going by the name AbbVie. Cramer likes both businesses and will decide which he prefers as the split draws near.
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Those thirsting for dividends should check out Pepsico’s 3.1 percent dividend yield. The food and beverage maker has increased its dividend by 12 percent annually for the last 32 years, Cramer said.
“Pepsi’s a classic turnaround story, but the turn is only just beginning to become obvious,” Cramer said. “I think it’s working, but you’re being paid handsomely to wait until everyone knows it.”
Not only is Pepsi currently benefiting from lower raw costs, it also has less international exposure than rival Coca-Cola.
Read on for the last of Cramer's Top 5 Dividend Stocks.