FS Investment Corporation (NYSE:FSIC) declared a quarterly dividend on Thursday, November 9th, Zacks reports. Stockholders of record on Wednesday, December 20th will be given a dividend of 0.19 per share by the financial services provider on Wednesday, January 3rd. This represents a $0.76 annualized dividend and a dividend yield of 9.74%. The ex-dividend date is Tuesday, December 19th.

FS Investment has a payout ratio of 95.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect FS Investment to earn $0.79 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 96.2%.

Shares of FS Investment (NYSE FSIC) remained flat at $$7.80 during trading on Thursday. The company’s stock had a trading volume of 1,860,600 shares, compared to its average volume of 1,146,753. FS Investment has a 52 week low of $7.65 and a 52 week high of $10.80. The company has a market capitalization of $1,916.66, a P/E ratio of 9.18, a PEG ratio of 3.25 and a beta of 0.95. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.12 and a current ratio of 2.12.

FS Investment (NYSE:FSIC) last announced its earnings results on Thursday, November 9th. The financial services provider reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. FS Investment had a return on equity of 8.97% and a net margin of 52.49%. The company had revenue of $103.69 million for the quarter, compared to analysts’ expectations of $97.03 million. research analysts anticipate that FS Investment will post 0.8 EPS for the current fiscal year.

FSIC has been the topic of a number of recent research reports. ValuEngine raised FS Investment from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research cut FS Investment from a “buy” rating to a “hold” rating in a report on Monday, October 16th. National Securities reaffirmed a “neutral” rating and issued a $10.00 target price on shares of FS Investment in a report on Monday, November 13th. BidaskClub cut FS Investment from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. Finally, Keefe, Bruyette & Woods set a $9.00 target price on FS Investment and gave the stock a “hold” rating in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.56.

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About FS Investment

FS Investment Corporation is an externally managed, non-diversified, closed-end management investment company. The Company’s investment objectives are to generate current income and long-term capital appreciation. Its portfolio consists primarily of investments in senior secured loans and second lien secured loans of the private United States middle market companies and subordinated loans of the private United States companies.

Dividend History for FS Investment (NYSE:FSIC)

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