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For investors looking for protection from a chaotic market environment, Cramer on Wednesday outlined his top high-yielding stocks.
Windstream : This rural telco provider's stock sports an 8.5 percent dividend yield. While Windstream's wire-line phone business is in decline, the company has been focusing on areas of growth, such as broadband and business services. Of Cramer's top high-yielding stocks, he said Windstream's dividend is the least safe, even though it has enough free cash flow to cover the payout. For investors looking for a safer play, though, he suggests Verizon .
Solar Capital : This specialty lender's stock pays a massive 10.7 percent dividend yield. Cramer would typically view a yield that high as a red flag, but this is a special case. As a business development company, Solar Capital lends money to small- and medium-sized companies that are too tiny or risky for most people to invest in. Solar Capital then returns 90 percent of its profits to shareholders by way of a huge dividend, Cramer explained. He likes the stock at current levels.
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