FS KKR Capital Corp. (NYSE:FSK) to Issue Special Dividend of $0.03

FS KKR Capital Corp. (NYSE:FSK) announced a special dividend on Thursday, February 19th. Investors of record on Wednesday, March 18th will be paid a dividend of 0.03 per share on Thursday, April 2nd. This represents a yield of 1,595.0%. The ex-dividend date of this dividend is Wednesday, March 18th.

FS KKR Capital has increased its dividend payment by an average of 0.0%per year over the last three years. FS KKR Capital has a dividend payout ratio of 74.1% meaning its dividend is sufficiently covered by earnings. Research 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 $1.80 annual dividend with an expected future payout ratio of 69.2%.

FS KKR Capital Trading Down 1.5%

NYSE FSK opened at $10.09 on Monday. FS KKR Capital has a 52 week low of $10.06 and a 52 week high of $22.68. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.05 and a current ratio of 3.05. The stock’s 50 day moving average price is $13.10 and its two-hundred day moving average price is $14.71.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The business had revenue of $348.00 million during the quarter, compared to analyst estimates of $361.59 million. FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. During the same quarter last year, the business earned $0.66 earnings per share. As a group, research analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.