Looking for a Dividend-Paying Defensive Stock?

After another choppy day of trading, “Mad Money” host Jim Cramer recommended investors remain defensive.

How do you do that?

Cramer suggested dividend-paying stocks that boast “domestic security,” which means the underlying company has zero exposure to Europe’s debt problems. He pointed to the shopping center real estate investment trust, Federal Realty Investment Trust, which owns high quality properties in wealthier parts of the United States.

Federal Realty’s revenues have increased year-after-year, and on Wednesday, the company reported a very solid quarter, with higher-than-expected revenues. The company currently pays around a 2.75 percent dividend yield and has raised its dividend every year for the past 45 years.

Being as the overall market closed lower Thursday, Cramer thinks investors could be getting a good entry point into Federal Realty’s stock.

To learn more about where the company is headed, Cramer interviewed Don Wood, President and CEO. See the video to watch the full interview.

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