Jim Cramer says investors should buy these 11 recently-boosted dividend stocks

CNBC’s Jim Cramer on Thursday offered investors a list of dividend stocks with yields that recently increased, that he believes buyers should add to their portfolio.

Dividends are a generally “unassailable defense against a volatile market,” the “Mad Money” host said, which means that they can be attractive additions to the portfolio of an investor worried about Russia’s invasion of Ukraine, soaring inflation and Covid fears that have roiled the market in recent weeks.

“You want bountiful dividends that are also safe, and the best way to determine a dividend’s safety is by searching for the companies that have recently raised their payouts, because that’s the ultimate sign of confidence in the future,” Cramer said. “Plus, with interest rates on the rise, only the dividend boosters can keep up with the bond market competition,” he added.

To come up with his list, which he said are the “biggest dividend raisers of 2022 so far,” Cramer only included stocks which raised dividends this year by more than 20%. Using this criteria, he shrunk the list of hundreds of stocks listed in the S&P 500 to 27 names, then down to 11 stocks that he believes can outpace inflation and be attractive additions to buyer’s portfolios.

Here is the list:

1. Pioneer Natural Resources Co
2. Coterra Energy Inc
3. Devon Energy Corp
4. Halliburton Co
5. Tractor Supply Co
6. Best Buy Co Inc
7. Dollar General Corp
8. NXP Semiconductors NV
9. Prologis Inc
10. Wells Fargo & Co
11. American Express Co

“When the Fed is tightening to combat rampant inflation, I don’t want you to overthink it — you want to circle the wagons around companies that are rapidly raising their dividends,” Cramer said.

Disclosure: Cramer’s Charitable Trust owns shares of Devon, Halliburton and Wells Fargo.

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