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

FS KKR Capital Corp. (NYSE:FSK) announced a special dividend on Wednesday, October 7th. Stockholders of record on Wednesday, December 16th will be given 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 by an average of 0.0%per year over the last three years. FS KKR Capital has a payout ratio of 72.4% meaning 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 Stock Performance

Shares of FS KKR Capital stock opened at $10.78 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.28 and a current ratio of 2.28. FS KKR Capital has a 1 year low of $9.72 and a 1 year high of $16.31. The firm’s 50-day simple moving average is $11.73 and its 200-day simple moving average is $11.05. The firm has a market cap of $2.98 billion, a PE ratio of -7.98 and a beta of 0.86.

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

Institutional Investors Weigh In On FS KKR Capital

Several institutional investors and hedge funds have recently bought and sold shares of FSK. Beacon Financial Advisory LLC lifted its position in shares of FS KKR Capital by 1.7% in the 2nd quarter. Beacon Financial Advisory LLC now owns 61,266 shares of the company’s stock valued at $643,000 after acquiring an additional 1,000 shares in the last quarter. Rockport Wealth LLC grew its position in FS KKR Capital by 9.8% during the 1st quarter. Rockport Wealth LLC now owns 11,367 shares of the company’s stock worth $116,000 after purchasing an additional 1,018 shares in the last quarter. Wescott Financial Advisory Group LLC grew its position in FS KKR Capital by 3.9% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 28,412 shares of the company’s stock worth $421,000 after purchasing an additional 1,079 shares in the last quarter. Triumph Capital Management raised its stake in FS KKR Capital by 98.1% during the 2nd quarter. Triumph Capital Management now owns 2,575 shares of the company’s stock valued at $27,000 after purchasing an additional 1,275 shares during the period. Finally, Allworth Financial LP raised its stake in FS KKR Capital by 8.9% during the 2nd quarter. Allworth Financial LP now owns 16,700 shares of the company’s stock valued at $175,000 after purchasing an additional 1,369 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Company Profile

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.