FS KKR Capital Corp. (FSK) To Go Ex-Dividend on March 18th

FS KKR Capital Corp. (NYSE:FSK) announced a special dividend on Thursday, February 19th. Shareholders of record on Wednesday, March 18th will be given a dividend of 0.03 per share on Thursday, April 2nd. This represents a yield of 1,595.0%. The ex-dividend date of this dividend is Wednesday, March 18th.

FS KKR Capital has raised its dividend by an average of 0.0%per year over the last three years. FS KKR Capital has a payout ratio of 74.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FS KKR Capital to earn $2.60 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 69.2%.

FS KKR Capital Price Performance

Shares of FSK opened at $10.09 on Monday. FS KKR Capital has a 52-week low of $10.06 and a 52-week high of $22.68. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 1.31. The stock has a fifty day simple moving average of $13.10 and a two-hundred day simple moving average of $14.71.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. The firm had revenue of $348.00 million for the quarter, compared to analyst estimates of $361.59 million. During the same period in the previous year, the firm posted $0.66 EPS. Analysts predict that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.