FS KKR Capital Corp. (NYSE:FSK) Declares Dividend Increase – $0.44 Per Share

FS KKR Capital Corp. (NYSE:FSK) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.44 per share on Friday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 14.8%. The ex-dividend date is Wednesday, September 16th. This is a 4.8% increase from FS KKR Capital’s previous quarterly dividend of $0.42.

FS KKR Capital has raised its dividend payment by an average of 0.0%per year over the last three years. FS KKR Capital has a dividend payout ratio of 69.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect FS KKR Capital to earn $1.54 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 109.1%.

FS KKR Capital Stock Performance

Shares of FSK traded up $0.83 during trading hours on Thursday, hitting $11.87. The company’s stock had a trading volume of 5,393,308 shares, compared to its average volume of 3,410,188. The company has a market cap of $3.33 billion, a price-to-earnings ratio of -6.03 and a beta of 0.83. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.00 and a quick ratio of 2.00. The business has a 50 day simple moving average of $10.70 and a two-hundred day simple moving average of $11.27. FS KKR Capital has a 52-week low of $9.72 and a 52-week high of $19.24.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $290.00 million for the quarter, compared to analysts’ expectations of $286.75 million. FS KKR Capital had a negative net margin of 38.65% and a positive return on equity of 4.34%. During the same period in the prior year, the company posted ($0.75) EPS. On average, equities analysts expect that FS KKR Capital will post 1.64 earnings per share for the current fiscal 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.