FS Investment Corporation (FSIC) to Issue Quarterly Dividend of $0.19
FS Investment Corporation (NYSE:FSIC) declared a quarterly dividend on Thursday, November 9th, Zacks reports. Shareholders of record on Wednesday, December 20th will be paid a dividend of 0.19 per share by the financial services provider on Wednesday, January 3rd. This represents a $0.76 annualized dividend and a yield of 9.74%. The ex-dividend date is Tuesday, December 19th.
FS Investment has a dividend payout ratio of 95.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect FS Investment to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 96.2%.
Shares of FS Investment (NYSE FSIC) remained flat at $$7.80 during trading on Thursday. The company’s stock had a trading volume of 1,860,600 shares, compared to its average volume of 1,146,753. FS Investment has a fifty-two week low of $7.65 and a fifty-two week high of $10.80. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.12 and a current ratio of 2.12. The company has a market capitalization of $1,916.66, a PE ratio of 9.18, a P/E/G ratio of 3.25 and a beta of 0.95.
Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of FS Investment from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. ValuEngine raised shares of FS Investment from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods set a $9.00 target price on shares of FS Investment and gave the company a “hold” rating in a report on Thursday, October 5th. National Securities reaffirmed a “neutral” rating and issued a $10.00 target price on shares of FS Investment in a report on Monday, November 13th. Finally, BidaskClub downgraded shares of FS Investment from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $9.56.
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FS Investment Company Profile
FS Investment Corporation is an externally managed, non-diversified, closed-end management investment company. The Company’s investment objectives are to generate current income and long-term capital appreciation. Its portfolio consists primarily of investments in senior secured loans and second lien secured loans of the private United States middle market companies and subordinated loans of the private United States companies.
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