FS KKR Capital Corp. (FSK) To Go Ex-Dividend on September 16th

FS KKR Capital Corp. (NYSE:FSK) announced a quarterly dividend on Wednesday, August 5th. Shareholders 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 yield of 14.8%. The ex-dividend date 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 dividend payout ratio of 72.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect FS KKR Capital to earn $1.51 per share next year, which means the company may not be able to cover its $1.76 annual dividend with an expected future payout ratio of 116.6%.

FS KKR Capital Stock Performance

NYSE:FSK opened at $11.88 on Monday. The stock’s fifty day moving average is $11.54 and its 200 day moving average is $10.99. The firm has a market capitalization of $3.28 billion, a PE ratio of -8.80 and a beta of 0.83. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.28 and a current ratio of 2.28. FS KKR Capital has a fifty-two week low of $9.72 and a fifty-two week high of $17.87.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $290.00 million during the quarter, compared to analysts’ expectations of $286.75 million. FS KKR Capital had a negative net margin of 28.52% and a positive return on equity of 9.70%. During the same period in the previous year, the company earned ($0.75) EPS. On average, sell-side analysts anticipate that FS KKR Capital will post 1.64 earnings per share for the current year.

Institutional Investors Weigh In On FS KKR Capital

Several institutional investors have recently added to or reduced their stakes in the business. Jessup Wealth Management Inc purchased a new stake in FS KKR Capital during the 4th quarter worth approximately $26,000. Triumph Capital Management lifted its holdings in shares of FS KKR Capital by 98.1% in the 2nd quarter. Triumph Capital Management now owns 2,575 shares of the company’s stock valued at $27,000 after buying an additional 1,275 shares during the period. Harborfront Financial Group LLC purchased a new position in FS KKR Capital during the second quarter valued at $30,000. Basepoint Wealth LLC purchased a new stake in shares of FS KKR Capital during the fourth quarter worth approximately $31,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of FS KKR Capital by 201.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,678 shares of the company’s stock worth $40,000 after buying an additional 1,789 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

About FS KKR Capital

FS KKR Capital Corp. (NYSE: FSK) is a business development company that provides financing to private middle-market companies, primarily in the United States. The company seeks to support businesses across a range of industries by investing in senior secured loans, subordinated debt and, to a lesser extent, equity securities.

FSK’s portfolio is generally focused on established companies with annual revenues and earnings that may require capital for acquisitions, recapitalizations, growth initiatives, refinancings and other corporate purposes.