FS KKR Capital Corp. to Issue Special Dividend of $0.03 (NYSE:FSK)

FS KKR Capital Corp. (NYSE:FSK) announced a special dividend on Thursday, February 19th. Investors of record on Wednesday, March 18th will be given a dividend of 0.03 per share on Thursday, April 2nd. This represents a dividend yield of 1,595.0%. The ex-dividend date of this dividend is Wednesday, March 18th.

FS KKR Capital has increased its dividend by an average of 0.0%per year over the last three years. FS KKR Capital has a dividend payout ratio of 74.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FS KKR Capital to earn $2.60 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 69.2%.

FS KKR Capital Stock Down 1.5%

Shares of NYSE FSK opened at $10.09 on Monday. FS KKR Capital has a fifty-two week low of $10.06 and a fifty-two week high of $22.68. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.05 and a current ratio of 3.05. The company’s 50 day simple moving average is $13.10 and its 200 day simple moving average is $14.71.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The business had revenue of $348.00 million for the quarter, compared to analyst estimates of $361.59 million. FS KKR Capital had a return on equity of 5.21% and a net margin of 0.72%.During the same period in the prior year, the firm posted $0.66 EPS. On average, research analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were acquired at an average price of $11.25 per share, for a total transaction of $56,250.00. Following the acquisition, the insider directly owned 64,800 shares of the company’s stock, valued at approximately $729,000. This trade represents a 8.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is owned by company insiders.

Institutional Trading of FS KKR Capital

Several hedge funds have recently bought and sold shares of the stock. Beacon Capital Management Inc. acquired a new position in shares of FS KKR Capital in the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in FS KKR Capital in the 4th quarter valued at $26,000. Jessup Wealth Management Inc acquired a new position in FS KKR Capital in the 4th quarter worth $26,000. FNY Investment Advisers LLC bought a new position in FS KKR Capital during the 4th quarter worth about $28,000. Finally, Eastern Bank increased its holdings in FS KKR Capital by 355.6% during the 3rd quarter. Eastern Bank now owns 2,000 shares of the company’s stock worth $30,000 after purchasing an additional 1,561 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

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.