FS KKR Capital Corp. (NYSE:FSK) Shareholders to Get $0.20 Special Dividend

FS KKR Capital Corp. (NYSE:FSK) announced a special dividend on Wednesday, October 7th. Shareholders of record on Wednesday, December 16th will be paid a dividend of $0.20 per share on Thursday, December 24th. This represents a yield of 1,633.0%. The ex-dividend date of this dividend is Wednesday, December 16th.

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 72.4% meaning its dividend is sufficiently covered by earnings. Analysts expect FS KKR Capital to earn $1.51 per share next year, which means the company may not be able to cover its $1.76 annual dividend with an expected future payout ratio of 116.6%.

FS KKR Capital Price Performance

NYSE:FSK opened at $10.78 on Friday. The business’s 50-day simple moving average is $11.73 and its two-hundred day simple moving average is $11.05. FS KKR Capital has a 52 week low of $9.72 and a 52 week high of $16.31. The stock has a market cap of $2.98 billion, a PE ratio of -7.98 and a beta of 0.86. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.26.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. FS KKR Capital had a positive return on equity of 9.70% and a negative net margin of 28.52%.The firm had revenue of $290.00 million during the quarter, compared to analyst estimates of $286.75 million. During the same quarter in the prior year, the company posted ($0.75) earnings per share. As a group, analysts forecast that FS KKR Capital will post 1.64 EPS for the current fiscal year.

About FS KKR Capital

FS KKR Capital Corp. (NYSE: FSK) is a business development company that provides financing to privately owned middle-market companies. The company primarily invests in senior secured loans, including first-lien and second-lien debt, and may also make select equity investments. Its portfolio companies operate across a range of industries and are generally located in the United States.

FSK seeks to generate income and long-term capital appreciation by partnering with companies that require financing for acquisitions, recapitalizations, growth initiatives, refinancing and other corporate purposes.