FS KKR Capital Corp. (FSK) to Issue Quarterly Dividend of $0.70 on April 2nd

FS KKR Capital Corp. (NYSE:FSK) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Wednesday, March 19th will be given a dividend of 0.70 per share on Wednesday, April 2nd. This represents a $2.80 annualized dividend and a dividend yield of 12.27%. The ex-dividend date is Wednesday, March 19th.

FS KKR Capital has decreased its dividend payment by an average of 7.1% per year over the last three years. FS KKR Capital has a payout ratio of 100.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect FS KKR Capital to earn $2.60 per share next year, which means the company should continue to be able to cover its $2.56 annual dividend with an expected future payout ratio of 98.5%.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $22.83 on Friday. FS KKR Capital has a 1 year low of $18.31 and a 1 year high of $24.10. The stock has a market cap of $6.39 billion, a PE ratio of 12.14 and a beta of 1.25. The stock has a fifty day moving average price of $22.54 and a 200 day moving average price of $21.20. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. Sell-side analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, Royal Bank of Canada boosted their price target on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of $20.79.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the purchase, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 11,500 shares of company stock worth $248,910 over the last quarter. 0.25% of the stock is owned by corporate insiders.

FS KKR Capital Company Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.