Jim Cramer Says He Loves Realty Income's Monthly Dividend

Realty Income Corporation (NYSE:O) is one of the stocks Jim Cramer was asked about. During the episode, a caller inquired if the stock had been oversold, and Cramer replied:

“I think it has. There was a negative note out today that I took note of when I did my briefing for the 10 things that I’m looking at for club members. And I’ve gotta tell you… I was surprised that someone had anything really negative to say. I think this is an opportunity. You know, they pay that monthly, that monthly dividend, which I love so much. I think letter O is right to buy.”

Realty Income Corporation (NYSE:O) is a real estate investment company that provides capital and manages a sizable portfolio of properties. It is also known as “The Monthly Dividend Company.” During the lightning round of the July 23 episode, a caller asked for Cramer’s thoughts on the company, and he responded:

“I gotta tell you, I’m going to have to say no to Realty Income. That doesn’t mean I don’t like it. I like it a lot. You gotta go for growth. Growth is the only safety. You should be looking for a nice return. I mean, I’m talking about stocks like NVIDIA. You should be in NVIDIA even right here. I really think that Realty Income is for people who are a little bit older. What can I say? Hey, it’s good to be young. Nothing wrong with that.”

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Disclosure: None. This article is originally published at Insider Monkey.