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Is This Dividend-Paying Stock Worth the Risk?

There are some stocks that are likely to keep working regardless of what goes wrong in the world’s economy, including and especially dividend-paying stocks, Jim Cramer said on Tuesday.

“We know interest rates on bonds and certificates of deposit are going to stay ridiculously low for years to come,” Cramer said on CNBC’s “Mad Money,” “which means that if you’re looking for yield, dividends are still the only game in town.”

(RELATED: Cramer's Top Dividend Stocks)

Cramer pointed to real estate investment trust Campus Crest Communities, which owns and manages student housing, as an example. Campus Crest Communities is a speculative stock, Cramer said, but it does currently pay a dividend yield of around 5.8 percent — much larger than any other student housing REIT.

Last year, the company reported a solid quarter that included an occupancy ratio of around 90 percent. Cramer said the student housing industry is strong and demand will outstrip supply for years to come. However, the company has a lot of debt due over the next four years.

So, is this stock a fabulous dividend play or a risky bet?

To find out, Cramer sat down with the CEO Ted Rollins. Check out the video to see the full interview.

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