FS KKR Capital Corp. (NYSE:FSK) is included among the 15 Stocks with Highest Dividend to Invest in.
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Truist lowered its price target on FS KKR Capital Corp. (NYSE:FSK) to $17 from $19 and maintained a Hold rating on the shares as part of a broader review of business development companies (BDCs), as reported by The Fly. The firm updated its model to reflect FSK’s Q3 results and revised guidance while raising its FY25 net interest income per share forecast by $0.03 to $2.37, citing higher dividend income and lower interest expenses, according to the analyst’s research note.
During the third quarter, FS KKR Capital Corp. (NYSE:FSK) generated $0.57 per share of Adjusted Net Investment Income, and its Net Asset Value per share rose to $21.99. The company also announced its 2026 quarterly distribution plan, which is expected to produce an annualized yield of roughly 10% on NAV, in line with the BDC industry’s long-term yield of 9% to 10%. The firm believes this distribution will be attractive both on a relative and absolute basis.
Daniel Pietrzak, President and Chief Investment Officer, noted a 30% year-over-year increase in deals evaluated, driven by robust M&A activity and a strong labor market. He highlighted portfolio actions such as the restructuring of Production Resource Group (PRG) and the full repayment of the Callodine Commercial Finance investment, which delivered a 13.3% internal rate of return.
FS KKR Capital Corp. (NYSE:FSK) is a leading publicly traded business development company that specializes in providing tailored credit solutions to private middle-market companies in the US.
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