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

FS KKR Capital Corp. (NYSE:FSK) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 12.26%.

FS KKR Capital has decreased its dividend payment by an average of 7.1% annually over the last three years. FS KKR Capital has a payout ratio of 100.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 stock opened at $22.84 on Thursday. FS KKR Capital has a 1 year low of $18.31 and a 1 year high of $24.10. The firm’s fifty day simple moving average is $22.50 and its 200 day simple moving average is $21.19. The firm has a market capitalization of $6.40 billion, a P/E ratio of 12.15 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share 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%. As a group, sell-side analysts predict that FS KKR Capital will post 2.89 EPS for the current year.

Insider Activity at FS KKR Capital

In other news, insider Brian Gerson bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average price of $22.08 per share, with a total value of $110,400.00. Following the transaction, the insider now owns 15,109 shares in the company, valued at $333,606.72. This represents a 49.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have bought 11,500 shares of company stock valued at $248,910. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FSK has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted 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 note on Monday, February 3rd. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a research note on Wednesday, December 11th. Royal Bank of Canada lifted their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, FS KKR Capital currently has a consensus rating of “Hold” and an average price target 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.