FS KKR Capital Corp. (NYSE:FSK) Declares Quarterly Dividend of $0.44

FS KKR Capital Corp. (NYSE:FSK) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.44 per share on Friday, October 2nd. This represents a c) dividend on an annualized basis and a 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 increased its dividend payment by an average of 0.0%per year over the last three years. FS KKR Capital has a payout ratio of 69.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Up 7.6%

Shares of FSK stock traded up $0.83 during mid-day trading on Thursday, hitting $11.87. The stock had a trading volume of 5,393,308 shares, compared to its average volume of 3,410,188. 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 firm’s 50-day moving average is $10.70 and its two-hundred day moving average is $11.27. The firm has a market capitalization of $3.33 billion, a P/E ratio of -6.03 and a beta of 0.83. 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 data on Thursday, August 6th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. FS KKR Capital had a negative net margin of 38.65% and a positive return on equity of 4.34%. The company had revenue of $290.00 million during the quarter, compared to the consensus estimate of $286.75 million. During the same quarter in the previous year, the firm posted ($0.75) earnings per share. On average, analysts predict that FS KKR Capital will post 1.64 earnings per share for the current fiscal 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.