FS KKR Capital Corp. (NYSE:FSK) Announces Dividend Increase – $0.70 Per Share

FS KKR Capital Corp. (NYSE:FSK) declared a None dividend on Wednesday, October 9th,Zacks Dividends reports. Stockholders of record on Wednesday, December 4th will be paid a dividend of 0.70 per share on Wednesday, December 18th. This represents a dividend yield of 12.7%. The ex-dividend date 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Price Performance

FSK opened at $22.22 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital has a 1 year low of $18.31 and a 1 year high of $22.39. The stock’s 50 day simple moving average is $20.63 and its 200 day simple moving average is $20.18. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 11.82 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same period in the previous year, the firm earned $0.80 earnings per share. As a group, analysts predict that FS KKR Capital will post 2.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Royal Bank of Canada upped their price target on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. Wells Fargo & Company decreased their target price on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.06.

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.