FS KKR Capital Corp Declares Quarterly Dividend of $0.19 (FSK)

FS KKR Capital Corp (NYSE:FSK) announced a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Stockholders of record on Wednesday, June 19th will be given a dividend of 0.19 per share on Tuesday, July 2nd. This represents a $0.76 annualized dividend and a dividend yield of 12.24%. The ex-dividend date of this dividend is Tuesday, June 18th.

FS KKR Capital has a payout ratio of 96.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect FS KKR Capital to earn $0.76 per share next year, which means the company may not be able to cover its $0.76 annual dividend with an expected future payout ratio of 100.0%.

Shares of FSK stock traded down $0.09 during mid-day trading on Thursday, hitting $6.21. 2,569,499 shares of the stock were exchanged, compared to its average volume of 1,882,421. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. FS KKR Capital has a 52-week low of $5.09 and a 52-week high of $8.24. The firm has a market cap of $3.33 billion, a P/E ratio of 7.32, a PEG ratio of 2.81 and a beta of 1.14.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). FS KKR Capital had a positive return on equity of 8.04% and a negative net margin of 37.74%. The company had revenue of $195.00 million for the quarter, compared to analyst estimates of $189.38 million. On average, analysts anticipate that FS KKR Capital will post 0.75 earnings per share for the current fiscal year.

In other FS KKR Capital news, CEO Michael C. Forman acquired 12,700 shares of the business’s stock in a transaction on Wednesday, February 27th. The stock was bought at an average price of $6.49 per share, for a total transaction of $82,423.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael C. Forman acquired 49,100 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was acquired at an average price of $6.08 per share, with a total value of $298,528.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 232,047 shares of company stock valued at $1,447,810. 1.07% of the stock is owned by insiders.

Several research firms recently weighed in on FSK. ValuEngine downgraded shares of FS KKR Capital from a “sell” rating to a “strong sell” rating in a research report on Monday, April 1st. Zacks Investment Research upgraded shares of FS KKR Capital from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a report on Tuesday, February 5th. JPMorgan Chase & Co. began coverage on shares of FS KKR Capital in a report on Monday, March 11th. They issued a “neutral” rating for the company. Finally, National Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of FS KKR Capital in a report on Monday, March 4th.

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FS KKR Capital Company Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.

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