FS KKR Capital Corp. Declares None Dividend of $0.64 (NYSE:FSK)

FS KKR Capital Corp. (NYSE:FSK) declared a None dividend on Tuesday, August 6th, Zacks reports. Stockholders of record on Wednesday, September 11th will be given a dividend of 0.64 per share on Wednesday, October 2nd. This represents a dividend yield of 13.33%. The ex-dividend date is Wednesday, September 11th.

FS KKR Capital has a dividend payout ratio of 98.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect FS KKR Capital to earn $2.62 per share next year, which means the company should continue to be able to cover its $2.56 annual dividend with an expected future payout ratio of 97.7%.

FS KKR Capital Stock Performance

Shares of NYSE FSK traded up $0.08 during midday trading on Monday, reaching $20.09. The company had a trading volume of 946,693 shares, compared to its average volume of 1,458,118. FS KKR Capital has a 1 year low of $18.31 and a 1 year high of $20.99. The business’s 50-day simple moving average is $19.94 and its 200 day simple moving average is $19.62. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. The stock has a market cap of $5.63 billion, a P/E ratio of 8.41 and a beta of 1.26.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. FS KKR Capital had a return on equity of 12.39% and a net margin of 35.46%. The business had revenue of $439.00 million for the quarter, compared to analyst estimates of $426.41 million. During the same period in the prior year, the company earned $0.78 earnings per share. On average, analysts forecast that FS KKR Capital will post 2.86 earnings per share for the current fiscal year.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $19.21 per share, with a total value of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares in the company, valued at approximately $860,608. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $19.21 per share, with a total value of $96,050.00. Following the completion of the purchase, the insider now owns 44,800 shares in the company, valued at approximately $860,608. The disclosure for this purchase can be found here. 0.25% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company dropped their target price on FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.06.

FS KKR Capital Company Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.