FS KKR Capital Corp. (FSK) to Issue Quarterly Dividend of $0.42 on July 2nd

FS KKR Capital Corp. (NYSE:FSK) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Wednesday, June 17th will be given a dividend of 0.42 per share on Thursday, July 2nd. This represents a c) annualized dividend and a yield of 15.2%. The ex-dividend date 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 payout ratio of 69.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.1%

FSK opened at $11.05 on Monday. FS KKR Capital has a 12 month low of $9.72 and a 12 month high of $22.68. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of -5.61 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 fifty day moving average price of $10.82 and a 200 day moving average price of $12.46.

FS KKR Capital (NYSE:FSK) last released its earnings results on Monday, May 11th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). The company had revenue of $304.00 million for the quarter, compared to analyst estimates 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 company’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 firm earned $0.65 earnings per share. Sell-side analysts expect that FS KKR Capital will post 1.66 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.