Cramer Sticks to the Dividend Plays: PPG Industries (PPG)

Jim Cramer recommended PPG Industries (NYSE: PPG) on last night's episode of Mad Money, sticking to his recent bias toward high-yielding stocks.

PPG currently offers patient investors a 4.65% yield, or $0.53 per share on a quarterly basis. Cramer called PPG's dividend an "accidental high-yielder" as he believes that traders have gone too far on the downside. Backing up this claim, Cramer pointed out that PPG has raised its dividend every year for the last 36 years.

Besides the solid dividend, Cramer also likes PPG's $600 million of cash-on-hand, which makes it likely that management could announce a large buyback. Further, the President of Cramerica believes PPG's exposure to Asia makes it a good way to play infrastructure within China, something that could see upside from China's planned $586 million economic stimulus package, which was announced yesterday.

Shares of PPG are trading 1.6% higher in pre-market trading. The stock is bucking the trend coming from the broader markets: Dow Jones futures are down about 135 points, while the S&P 500 is about 14 points lower.

PPG Industries, Inc. manufactures coatings, glass, and chemical products.

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