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Eastman Chemical's Dividend Attraction

The tax package has Cramer checking out stocks with good yields.
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Dear Action Alerts PLUS Subscriber,

Eastman Chemical (EMN) yields 5.6% here at $31.70, and I want to buy another 500 shares after you read this note. Cash is king, especially when the government is going to take less than half the taxes it used to from dividend payments. This purchase will give me a total of 1,500 EMN shares.

P.S. Anadarko Petroleum (APC) broke above $50 this morning. The company said this morning that one of its oil projects in the Gulf of Mexico could prove to be more lucrative than expected. Even though I trimmed back 500 shares last week, I think Anadarko ultimately goes to $53. No action to take right here.

Regards,

James J. Cramer

DISCLOSURE: At the time of publication, Cramer was long Eastman Chemical and Anadarko Petroleum. ********************************************************* READ MORE CRAMER Stay in tune with Cramer's thinking throughout the trading day by reading his columns on RealMoney. Click here to subscribe:

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James J. Cramer is a Markets Commentator for TheStreet.com and CNBC, and a director and co-founder of TheStreet.com. TheStreet.com is a publisher and has registered as an investment adviser with the U.S. Securities and Exchange Commission. We are not a registered broker-dealer.

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