FS KKR Capital Corp

FS KKR Capital Corp. is an externally managed, non-diversified, closed-end management investment and finance company that invests primarily in the debt securities of private middle market U.S. companies. Its objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The company was founded by Michael Craig Forman on December 21, 2007 and is headquartered in Philadelphia, PA.

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FS KKR Capital Corp surpasses earnings expectations, eyes growth opportunities

FS KKR Capital Corp delivered strong performance in Q3, exceeding income guidance and maintaining a robust distribution yield.
The company's focus on disciplined underwriting, ample liquidity, and senior secured investments positions it well for growth.
Challenges related to debt management and credit trends require careful monitoring, but opportunities in M&A and asset-based finance are promising.
Overall, FSK's prudent investment strategies and optimistic outlook for 2025 signal a positive trajectory for the company.

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FS KKR Capital Corp has delivered strong returns for income investors, with shares appreciating by 7.91% and paying out significant dividends over the past year. The higher rate environment has been beneficial for FSK, allowing them to generate higher yields on their debt investments and increase net investment income. FSK is undervalued compared to its peers, trading at a lower market cap to NII multiple and at a discount to its net asset value, while offering a higher yield.

FS KKR Capital Looks Undervalued Heading Into Earnings Yielding 12.38%

KKR & Co. Inc. provides an optimistic outlook for 2024, highlighting opportunities in the credit market. FS KKR Capital, a BDC under the KKR umbrella, is recommended as a strong buy due to its high yield distribution and outperformance compared to peers. FSK has a current market cap of $5.8 billion, a discount to book value, and offers a current forward yield of about 12.5%.

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PHILADELPHIA and NEW YORK , Jan. 24, 2024 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) announced today plans to release its fourth quarter and full year 2023 results after the close of trading on the New York Stock Exchange on Monday, February 26, 2024. FSK will host a conference call at 9:00 a.m.

FSK Announces Earnings Release and Conference Call Schedule for Fourth Quarter and Full Year 2023

FS KKR Capital currently earns a jaw-dropping annualized dividend yield of 12.6%.

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The company also offers various mining technology products and services, including: Data networks Communication and tracking systems Mining proximity detection systems Industrial collision avoidance systems Data and analytics software Arbor Realty Trust Source: ewg3D / Getty Images This company trades at a ridiculous 6.9 times trailing earnings and pays a massive 11.33% dividend.

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Since my last coverage on FSK KKR Capital the BDC has been growing its portfolio impressively. Additionally, the BDC managed to decrease their non-accrual rates from Q1 to Q3, which is impressive considering the macro environment. They also have a strong balance sheet and well-laddered debt maturities with most debt maturing in 2025 & beyond.

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FS KKR Capital Corp offers an investment grade backed 13% base dividend yield set to be boosted by supplementals next year. The BDC currently covers its base dividend distribution by 125% and has 2.5 quarters of spillover income as of the end of its fiscal 2023 third quarter. A discount to net asset value per share currently running at around 20% presents an opportunity for investors.

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FS KKR Capital is trading at a 20% discount to net asset value despite strong growth in net investment income in the last year. The BDC has a well-diversified portfolio focused on senior secured loans and a joint venture with similar assets. The dividend is well-supported by NII, but there is a risk from the Fed ending its tightening policy.

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PHILADELPHIA and NEW YORK , Nov. 21, 2023 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) today announced that it has completed its previously announced offering of $400 million in aggregate principal amount of its 7.875% unsecured notes due 2029 (the "Notes"). BofA Securities, Inc., BMO Capital Markets Corp., J.P.

FSK Completes Public Offering of $400 million 7.875% Unsecured Notes Due 2029

News for FS KKR Capital Corp ETF (FSK)