Every investor needs to own a few dividend-paying stocks, Cramer said Tuesday, because dividends deliver when the market falters.
When it comes to high-yielding stocks, the "Mad Money" host recommends pipeline master limited partnerships Kinder Morgan Partners , Enterprise Product Partners and Energy Transfer Partners . The latter transports natural gas and natural gas liquids with more than 17,500 miles of gathering and transportation pipelines, as well as nat gas treating and processing assets and three nat gas storage facilities in Texas. It has one division Cramer doesn't like, though, and that's the propane business.
(RELATED: Cramer's Top Dividend Stocks)
There are a lot of moving parts here, though, and Cramer can't complain about the stock's 8 percent dividend yield. Cramer spoke with CEO Kelcy Warren to see where the company is headed. Check back soon to see video of the complete conversation.