Investors need a few high-yielding stocks, Cramer said Friday, because they pay you to wait until the market calms and the economy turns around. He thinks dividend-paying stocks, when the dividend is reinvested over time, are the single best way to grow one’s wealth.
(RELATED: Cramer's Top Dividend Stocks)
With an 8.4 percent dividend yield, Cramer said Windstream is one name to consider. The rural telco provider saw shares tumble Friday after reporting what some viewed as a disappointing quarter. Cramer likes its business model, though. Landline telephones are being all but phased out, so Windstream is transforming itself into a provider of broadband and business services.
To learn more about the company’s future prospects, Cramer chatted with CEO Jeff Gardner. Check out the video to see the full conversation.
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