FS KKR Capital Corp. (FSK) to Issue None Dividend of $0.70 on December 18th

FS KKR Capital Corp. (NYSE:FSK) declared a None dividend on Wednesday, October 9th,Zacks Dividends reports. Shareholders of record on Wednesday, December 4th will be paid a dividend of 0.70 per share on Wednesday, December 18th. This represents a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64.

FS KKR Capital has a dividend payout ratio of 99.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect FS KKR Capital to earn $2.59 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 98.8%.

FS KKR Capital Stock Up 0.4 %

Shares of FS KKR Capital stock opened at $22.22 on Monday. The business has a fifty day simple moving average of $20.63 and a 200 day simple moving average of $20.18. The stock has a market cap of $6.22 billion, a PE ratio of 11.82 and a beta of 1.25. FS KKR Capital has a 12 month low of $18.31 and a 12 month high of $22.39. 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 announced its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same quarter last year, the firm earned $0.80 EPS. Research analysts predict that FS KKR Capital will post 2.89 EPS for the current year.

Analysts Set New Price Targets

FSK has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their price target on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Wells Fargo & Company reduced their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.06.

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.