FS KKR Capital Corp. Announces Quarterly Dividend of $0.70 (NYSE:FSK)

FS KKR Capital Corp. (NYSE:FSK) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Investors of record on Wednesday, March 19th will be given a dividend of 0.70 per share on Wednesday, April 2nd. This represents a $2.80 annualized dividend and a yield of 12.26%.

FS KKR Capital has decreased its dividend payment by an average of 7.1% per year over the last three years. FS KKR Capital has a dividend payout ratio of 100.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 $2.56 annual dividend with an expected future payout ratio of 98.5%.

FS KKR Capital Trading Down 2.4 %

Shares of FSK traded down $0.57 during trading hours on Wednesday, reaching $22.84. 2,454,822 shares of the company traded hands, compared to its average volume of 1,289,030. FS KKR Capital has a 12 month low of $18.31 and a 12 month high of $24.10. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 12.15 and a beta of 1.25. The company’s fifty day moving average price is $22.47 and its two-hundred day moving average price is $21.18. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. Equities research analysts predict that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other FS KKR Capital news, insider Brian Gerson purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of $22.08 per share, with a total value of $110,400.00. Following the acquisition, the insider now owns 15,109 shares in the company, valued at approximately $333,606.72. The trade was a 49.46 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have acquired 11,500 shares of company stock worth $248,910. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FSK. Royal Bank of Canada increased their price target on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.63.

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.