Lightning Round OT: Windstream, Penn West Energy and More

Iowa Telecommunications : Cramer is bullish on IWA and its 9.8% dividend yield. He said he likes Windstream in this space as well.

Chimera Investment : While Cramer trusts Iowa Telecom’s nearly 10% yield, he doesn’t think Chimera’s 18% payout will hold up. So stay away from CIM, he said.

Penn West Energy : PWE is a buy, Cramer said, for the same reason he likes Iowa Telecom: Penn West is a high-yielding dividend stock. He also recommended BP Prudhoe Bay Royalty Trust and Permian Basin Royalty Trust as favorites among the Canadian energy trusts. “I know oil’s come down, but I think they’re buys.”

Call Cramer: 1-800-743-CNBC

Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?