FS KKR Capital Corp (NYSE:FSK) declared a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Shareholders of record on Wednesday, June 19th will be paid a dividend of 0.19 per share on Tuesday, July 2nd. This represents a $0.76 annualized dividend and a yield of 12.38%. The ex-dividend date is Tuesday, June 18th.
FS KKR Capital has a dividend payout ratio of 96.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect FS KKR Capital to earn $0.77 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 98.7%.
Shares of NYSE:FSK opened at $6.14 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.82. FS KKR Capital has a one year low of $5.09 and a one year high of $8.24. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 2.76 and a beta of 1.11.
FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). FS KKR Capital had a negative net margin of 12.43% and a positive return on equity of 8.26%. The firm had revenue of $195.00 million during the quarter, compared to the consensus estimate of $189.38 million. On average, equities analysts expect that FS KKR Capital will post 0.74 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on FSK shares. National Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of FS KKR Capital in a report on Monday, May 13th. Zacks Investment Research raised shares of FS KKR Capital from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Raymond James started coverage on shares of FS KKR Capital in a report on Wednesday, June 5th. They set a “market perform” rating and a $6.01 price objective for the company. JPMorgan Chase & Co. started coverage on shares of FS KKR Capital in a report on Monday, March 11th. They set a “neutral” rating for the company. Finally, ValuEngine raised shares of FS KKR Capital from a “strong sell” rating to a “sell” rating in a report on Saturday, June 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $7.67.
In related news, CEO Michael C. Forman acquired 49,100 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was bought at an average cost of $6.08 per share, with a total value of $298,528.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Stephen Sypherd acquired 16,807 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were bought at an average cost of $5.95 per share, with a total value of $100,001.65. The disclosure for this purchase can be found here. Insiders have bought a total of 136,800 shares of company stock valued at $830,562 over the last ninety days. 0.35% of the stock is currently owned by insiders.
About FS KKR Capital
FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.
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