FS KKR Capital Corp. (NYSE:FSK) Plans $0.42 Quarterly Dividend

FS KKR Capital Corp. (NYSE:FSK) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Wednesday, June 17th will be paid a dividend of 0.42 per share on Thursday, July 2nd. This represents a c) annualized dividend and a dividend yield of 15.2%. The ex-dividend date of this dividend is Wednesday, June 17th.

FS KKR Capital has increased its dividend payment by an average of 0.0%annually over the last three years. FS KKR Capital has a dividend payout ratio of 69.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FS KKR Capital to earn $1.57 per share next year, which means the company may not be able to cover its $1.68 annual dividend with an expected future payout ratio of 107.0%.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $11.05 on Monday. The stock’s 50-day moving average is $10.82 and its two-hundred day moving average is $12.46. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of -5.61 and a beta of 0.83. FS KKR Capital has a 1 year low of $9.72 and a 1 year high of $22.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.00 and a current ratio of 2.00.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.03). The firm had revenue of $304.00 million for the quarter, compared to analysts’ expectations of $316.81 million. FS KKR Capital had a positive return on equity of 4.34% and a negative net margin of 38.65%.The business’s revenue for the quarter was down 24.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. Analysts predict that FS KKR Capital will post 1.66 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on FS KKR Capital from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 12th. Royal Bank Of Canada reissued a “sector perform” rating and set a $11.00 price target on shares of FS KKR Capital in a report on Tuesday, May 12th. Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Truist Financial lowered their price target on FS KKR Capital from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $10.58.

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.