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

FS KKR Capital Corp. (NYSE:FSK - Get Free Report) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Shareholders of record on Wednesday, March 19th will be paid a dividend of 0.70 per share on Wednesday, April 2nd. This represents a $2.80 dividend on an annualized basis and a yield of 11.92%. The ex-dividend date of this dividend is Wednesday, March 19th.

FS KKR Capital has decreased its dividend by an average of 7.1% annually 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. 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

FS KKR Capital stock traded up $0.73 during mid-day trading on Friday, reaching $23.49. The company had a trading volume of 1,976,008 shares, compared to its average volume of 1,330,487. FS KKR Capital has a 1 year low of $18.31 and a 1 year high of $24.10. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The company has a market capitalization of $6.58 billion, a P/E ratio of 12.49 and a beta of 1.25. The stock's 50-day simple moving average is $22.58 and its 200-day simple moving average is $21.24.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its earnings results 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 net margin of 29.98% and a return on equity of 12.31%. The company had revenue of $407.00 million during the quarter, compared to analysts' expectations of $419.97 million. On average, equities analysts predict that FS KKR Capital will post 2.89 EPS for the current year.

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Insiders Place Their Bets

In other news, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction on Thursday, December 5th. The stock was purchased at an average cost of $21.31 per share, with a total value of $106,550.00. Following the purchase, the insider now owns 49,800 shares of the company's stock, valued at approximately $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders bought 11,500 shares of company stock valued at $248,910. Company insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FSK shares. JPMorgan Chase & Co. raised their price objective 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. Wells Fargo & Company reissued an "equal weight" rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Royal Bank of Canada raised their price objective 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, B. Riley cut shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 price objective for the company. in a research note on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $21.10.

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.