Propane Profits?

There’s nothing like a dividend boost to make a stock more attractive, Cramer said Wednesday. If that’s the case, then Inergy’s looking pretty good.

When the company reported earnings on Nov 30, it also raised the dividend 6%. Now Inergy yields a safe and solid 8%, giving investors a regular payout in a time when US Treasurys offer far less.

Regular viewers of Mad Money probably recognize Inergy, as Cramer highlighted a number of propane master limited partnerships last week, including also Suburban Propane , FerrellGas and AmeriGas . He likes MLPs because they distribute most of their profits to shareholders in the form of dividends. And even if NRGY stays flat, its share price never gaining another penny, investors who reinvest those dividends will double their money in nine years.

Cramer is positive on Inergy for more than just its dividend, though. He sees an under-the-radar bull market happening in propane. To find out more about that, as well as the company’s natural-gas exposure and hunt for acquisitions, he invited CEO John Sherman onto Mad Money. Watch the video for the full interview.

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