Can CenturyLink M&A Its Way to Prosperity?

Every portfolio should contain at least one steady, dividend-paying stock, Cramer said Tuesday.

Take CenturyLink , for example. The largest rural telephone and broadband provider in the U.S., it has 2.4 million broadband customers in 33 states and boasts a 6.5 percent dividend yield. Cramer likes the technology company because it has a through plan on how to deploy its free cash flow — make acquisitions and realize cost savings.

CenturyLink has saved more than $300 million a year since having merged with Embarq, Sprint's former wireless unit, in 2009. In April, the telecom services name will close on a similar deal with Qwest.

To learn more about the pending transaction and other future prospects, Cramer invited CenturyLink CEO Glen Post onto Tuesday's program. Watch the video to see his full interview.

Call Cramer: 1-800-743-CNBC

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