FS KKR Capital Corp. (FSK) To Go Ex-Dividend on December 16th

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

FS KKR Capital has raised 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% indicating that its dividend is sufficiently covered by earnings. Equities 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

Shares of NYSE:FSK opened at $10.78 on Friday. The company’s fifty day moving average price is $11.73 and its 200-day moving average price is $11.05. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of -7.98 and a beta of 0.86. FS KKR Capital has a one year low of $9.72 and a one year high of $16.31. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.28 and a quick ratio of 2.28.

FS KKR Capital (NYSE:FSK) last announced 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 negative net margin of 28.52% and a positive return on equity of 9.70%. The firm had revenue of $290.00 million during the quarter, compared to analyst estimates of $286.75 million. During the same period in the previous year, the business posted ($0.75) EPS. On average, equities research analysts anticipate that FS KKR Capital will post 1.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FSK. Tactive Advisors LLC bought a new position in shares of FS KKR Capital during the third quarter valued at approximately $129,000. Venture Visionary Partners LLC lifted its position in shares of FS KKR Capital by 639.5% in the 3rd quarter. Venture Visionary Partners LLC now owns 202,945 shares of the company’s stock worth $2,230,000 after purchasing an additional 175,500 shares during the period. Cooper Financial Group lifted its position in shares of FS KKR Capital by 32.5% in the 3rd quarter. Cooper Financial Group now owns 34,467 shares of the company’s stock worth $379,000 after purchasing an additional 8,448 shares during the period. Concorde Asset Management LLC boosted its stake in shares of FS KKR Capital by 12.3% during the 2nd quarter. Concorde Asset Management LLC now owns 70,634 shares of the company’s stock valued at $771,000 after purchasing an additional 7,714 shares in the last quarter. Finally, RFG Advisory LLC boosted its stake in shares of FS KKR Capital by 3.1% during the 2nd quarter. RFG Advisory LLC now owns 110,640 shares of the company’s stock valued at $1,162,000 after purchasing an additional 3,283 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

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.