FS KKR Capital Corp. II (NYSE:FSKR) declared a quarterly dividend on Tuesday, May 11th, Wall Street Journal reports. Stockholders of record on Friday, June 11th will be paid a dividend of 0.55 per share on Friday, July 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 9.95%. The ex-dividend date is Thursday, June 10th.
FS KKR Capital Corp. II has a dividend payout ratio of 98.2% 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 Corp. II to earn $2.30 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 95.7%.
NYSE FSKR opened at $22.11 on Wednesday. FS KKR Capital Corp. II has a 1-year low of $11.64 and a 1-year high of $22.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a 50-day moving average of $20.60. The company has a market cap of $3.76 billion and a price-to-earnings ratio of 10.02.
Separately, Zacks Investment Research lowered FS KKR Capital Corp. II from a “buy” rating to a “hold” rating in a research note on Tuesday, April 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.58.
FS KKR Capital Corp. II Company Profile
FS KKR Capital Corp. II, formerly known as FS Investment Corp II, is a business development company specializing in investments in floating rate, senior secured loans-first lien and second line, senior secured bonds, subordinated debt, collateralized securities, corporate bonds, debt securities, equity such as warrants or options in middle market private companies.
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