Cramer's Stop Trading! Jamie Dimon: Let My Dividends Go! (2/16/11)

by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday February 16.

Comcast (NASDAQ:CMCSA), JP Morgan (NYSE:JPM), Airgas (ARG)

Comcast (CMCSA) announced it would increase its dividend by 19%, but since Comcast owns NBC, a parent company of CNBC, Cramer stopped short of actively pushing the stock.

Currently Washington is still putting restrictions on banks paying dividends, but JP Morgan (JPM) CEO Jamie Dimon is not going to take this obstacle lying down. "Dimon is saying 'Let my dividend go.' Dimon rocks!" said Cramer.

Concerning Bernie Madoff's assertions that major banks knew about his infamous Ponzi scheme, Cramer said "And you are going to believe a guy who is sitting in prison for 150 years." On worries that lawsuits might result from revelations, Cramer said, "The media thinks every lawsuit is equal. Some suits are frivolous suits. Even suits sometimes brought by the government. And this one is a cheap and frivolous suit. Not unlike the ones they sell at K-Mart."

Cramer prefers hearing that CEOs are raising dividends than news about share buybacks. He gave Airgas (ARG) as an example of a company that should up its yield and give money back to the shareholders rather than buying back more stock.


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