FS KKR Capital Corp. (NYSE:FSK) Declares $0.64 Quarterly Dividend

Key Points

• FS KKR Capital Corp. declared a quarterly dividend of $0.64 per share, set to be paid on December 17th to shareholders of record on December 3rd, resulting in a significant yield of 17.8%.
• The company reported a payout ratio of 105.3%, indicating it currently relies on its balance sheet to cover dividends, but is expected to have a more sustainable payout ratio of 98.5% next year based on projected earnings.
• Shares of FS KKR Capital opened at $14.35, with a market capitalization of $4.02 billion and a historical price range between $14.27 and $24.10 over the past year.

FS KKR Capital Corp. (NYSE:FSK - Get Free Report) announced a quarterly dividend on Thursday, October 9th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of 0.64 per share on Wednesday, December 17th. This represents a c) dividend on an annualized basis and a yield of 17.8%. The ex-dividend date is Wednesday, December 3rd.

FS KKR Capital has a payout ratio of 105.3% 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 Price Performance

Shares of NYSE:FSK opened at $14.35 on Friday. The business's 50 day simple moving average is $17.09 and its 200-day simple moving average is $19.46. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 18.40 and a beta of 0.94. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40. FS KKR Capital has a 12 month low of $14.27 and a 12 month high of $24.10.

FS KKR Capital (NYSE:FSK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of $0.63 by ($1.23). The firm had revenue of $398.00 million for the quarter, compared to analysts' expectations of $402.00 million. FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.During the same period last year, the firm earned $0.75 EPS. As a group, equities analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

About FS KKR Capital

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.

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