"The market is still a fragile and untrustworthy place," Jim Cramer told viewers of his "Mad Money" TV show Tuesday. A subdued Cramer said that there's just nothing bankable in this market, especially if investors are in the wrong stocks. That's why he's continuing to stress the importance of dividends. Cramer said it's still possible to make money in the markets, but only if you know what to look for. And, he emphasized, that would be high-yielding dividend stocks. While dividends might not be sexy, he said, they represent serious money over the long term. Cramer noted that the Dow Jones Industrial Average is now exactly where it was 10 years ago, causing some to lose faith in the markets. But Cramer reminded those viewers that if they had invested in a stock with a 4% dividend yield 10 years ago and reinvested those dividends, their investment would be up 48%, even if the shares never appreciated. He noted 40% of total return delivered by the S&P500 is in the form of dividends. To underscore the power of dividends, Cramer cited Duke Energy ( DUK) as a stable, recession-proof company with a 82-year history of paying dividends. The company carries a 5.8% dividend today. Had investors put their money Duke and reinvested the dividends, they would have doubled their money every 12 years, he said. "Don't give up on stocks," said Cramer, "protect your money with stocks that have big yields."
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