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Mad Money Mailbag: Looking Past the Dividend

A viewer spots an astounding yield, but Cramer explains why the stock may not be worth buying for it.

Editor's note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EDT on CNBC.

What are your thoughts about Arlington Tankers (ATB) ? Does it really have a 9% dividend yield?-- Max from Colorado

James J. Cramer:

That dividend is legit, but you viewers should realize it may not be sustainable. Similar to REITs, these energy tankers pay a fixed portion of their earnings out as dividend each quarter. Business happens to be going well these days, but I believe we've already seen the peak in the energy shipping market. If I had to pick one favorite in this group, it would be

General Maritime

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