Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female engineer named Morgan Beller.Technologyread more
CoinShares Chief Strategy Officer Meltem Demirors discusses Facebook's Libra project and its impact on the cryptocurrency market after testifying to the House Financial...Fast Moneyread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
Forget the Fed, Jim Cramer says. The way that a company is run can have a huge impact on its share price. At times, deployment of excess capital can matter even more.
Good 'ole fashioned value creation. No smoke and mirrors.
Jim Cramer was reminded of the value of dividends when he spoke with the CEO of Clorox, Donald Knauss, on Monday. Knauss was able to account for how well the stock has done in the past five years, simply because of dividends. He remembered that shareholders want a return of capital, and they deserve it.
Clorox had enough cash raised over the years from brands like Hidden Valley Ranch, Glad Bags and Pine-Sol, and knew it would pay off to show some love to shareholders in the form of dividends. Love was returned to the stock price in return and now Clorox grew its market capitalization from $7.7 billion to $13 billion, all while basically keeping revenues flat.
"Those ideologues who have spent the better part of their professional lives pooh-poohing this market over the last five years, dismissing it is all about the Fed, simply don't understand that it's still fair game for a company to make money for its shareholders by being a better-than-bond-market equivalent," said Cramer.
This way Clorox can return as much money as possible to shareholders. It also has a nice 2.9 percent yield. The yield has now created a sturdy alternative to Treasury bonds at a time when Treasury prices are ridiculously low and the consumer packaged goods industry has little growth.
Read more from Mad Money with Jim Cramer:
Cramer Remix: Stocks with years of upside
Howard Schultz: Best leaders come from the military
Cramer's military salute: Long-term investing themes
Three years ago Carl Icahn tried to get Clorox to put itself up for sale, citing that Knauss hadn't delivered. He discussed a $78 bid for the stock, back when it was in the $60's. He will be eating those words now that the stock stands at $101, a far better return than Icahn's offer.
At the end of the day, value creation doesn't have to be all about whipping up fancy games and relying on the Fed. Clorox shows that good old fashioned solid dividend boosts are a sustainable way to gain wealth creation, and show some love to the shareholders that really deserve it.
Call Cramer: 1-800-743-CNBC
Questions for Cramer? firstname.lastname@example.org
Questions, comments, suggestions for the "Mad Money" website? email@example.com