Cramer: You Can Get This High-Yielder at a Discount

SolarCapital’s stock has taken a beating since it reported a quarter that was viewed as disappointing earlier this week. And that means you can get this super high-yielder for a very nice discount, Cramer said Thursday.

Last quarter, the specialty lending company reported a nine percent decrease in its book value. But the “Mad Money” host isn’t worried because SLRC isn’t having trouble with its portfolio of loans. He said it had to mark their book value to market on September 30th, back when “panic was still rampant.”

What’s more, Solar Capital has a huge 11.5 percent yield, and CEO Michael Gross told Cramer it could still go higher.

“Our dividend is very, very secure,” Gross said. “And frankly because we are under-levered today, as we invest the balance of our capital, we should be able to increase our dividend over time.”

To see Cramer’s full interview with Solar Capital's CEO Michael Gross, watch the video.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.

Mad Money Moments

Cramer's New Book