FS KKR Capital Corp. (FSK) to Distribute Quarterly Dividend of $0.44 on October 2nd

FS KKR Capital Corp. (NYSE:FSK) declared a quarterly dividend on Wednesday, August 5th. Stockholders 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 dividend yield of 14.8%. The ex-dividend date of this dividend 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 by an average of 0.0%per year over the last three years. FS KKR Capital has a dividend payout ratio of 69.1% indicating that its dividend is sufficiently covered by earnings. Equities 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

FSK stock opened at $11.87 on Friday. The firm has a market cap of $3.33 billion, a PE ratio of -6.03 and a beta of 0.83. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.38. The business has a 50 day moving average of $10.72 and a 200-day moving average of $11.26. FS KKR Capital has a 12-month low of $9.72 and a 12-month high of $19.24.

FS KKR Capital (NYSE:FSK) last issued 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 during the quarter, compared to the consensus estimate of $286.75 million. FS KKR Capital had a positive return on equity of 4.34% and a negative net margin of 38.65%.During the same period last year, the business posted ($0.75) earnings per share. As a group, sell-side analysts expect that FS KKR Capital will post 1.64 earnings per share for the current year.

About FS KKR Capital

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.