Amid the spat of volatility across the markets, TheStreet’s Jim Cramer sees opportunities in dividend yielding stocks like General Electric (GE) and Verizon Communications (VZ). ‘GE’s dividend yields 4 percent, Verizon’s yields 5 percent – I like these stocks on the way down,’ Cramer said. ‘I also like Procter & Gamble (PG) on the way down – it has a 4 percent yield.’ Shares of GE lost 17.7 percent since the high on April 10. Verizon slumped 11.6 percent since its high on April 28. Procter & Gamble shares fell 24 percent from the high on January 22. All three stocks reached a low for the year on Tuesday. Cramer said investors should be using the strong stock market openings seen in recent sessions, where the Dow Jones Industrial Average opened with a triple-digit gain, to exit positions in the stocks that don’t work, such as names in the minerals and mining sector. ‘When the market comes back down, you get into these accidental high yielders,’ Cramer added. ‘If you buy these stocks that yield 4 percent, the best thing that happens is they might yield 5 percent when you buy more.’ Cramer stresses the importance of dividend stocks in this volatile market. ‘It worked in 2008 and it will work now.’
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