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FS KKR Capital

FSK

Market cap $3.33B

12.05 USD

+0.16

1.35%

At close Updated Sep 14, 12:49 PM EDT

1 day

1.35%

5 days

-2.82%

1 month

-2.51%

3 months

10.25%

6 months

18.72%

Year to date

-19.29%

1 year

-28.91%

5 years

-45.92%

10 years

-68.22%

About: FS KKR Capital Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The company's portfolio is comprised of investments in senior secured loans and second lien secured loans of private middle market U.S. companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private U.S. companies.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 9.1%

Neutral 87.3%

Negative 3.6%

FS KKR Capital: One Of The Steepest Discounts In The Sector, Still Not A Buy

FSK KKR Capital Corp. trades at a 33% discount to NAV but faces persistent credit quality issues and NAV erosion. Despite recent outperformance and a double-digit yield, FSK's high non-accruals and declining investment income raise concerns about dividend sustainability. Management's incentive fee waiver and continued high non-accruals signal elevated risk of another dividend cut in the near term.

FS KKR Capital: One Of The Steepest Discounts In The Sector, Still Not A Buy

FS KKR Capital's Latest Numbers Didn't Convince Me

FSK remains a hold, despite a recent 14% price jump post-Q2 2026 earnings. FSK's NAV dropped over $0.50 per share in one quarter, driven by realized and unrealized portfolio losses. Dividend coverage is narrow and currently aided by a temporary incentive fee waiver, which expires after three more quarters.

FS KKR Capital's Latest Numbers Didn't Convince Me

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3 Big Yield Credit Plays Explained: FS KKR, BlackRock TCP and Oxford Lane

High-yield credit vehicles look easy on the surface: Buy the ticker, collect the check, repeat.

3 Big Yield Credit Plays Explained: FS KKR, BlackRock TCP and Oxford Lane

Dividend Harvesting Portfolio Week 284: $28,400 Allocated, $3,219.84 In Projected Dividends

The Dividend Harvesting Portfolio has achieved a 46.73% ROI with $3,219.84 forward annualized dividend income and a 7.81% yield. Recent additions include Starwood Property Trust (STWD) and FS KKR Capital Corp (FSK), both offering double-digit yields and trading at significant discounts. I expect continued outperformance as AI-driven productivity boosts big tech and the broader market, with dividend income on track to surpass $5,000 annually.

Dividend Harvesting Portfolio Week 284: $28,400 Allocated, $3,219.84 In Projected Dividends

FS KKR Capital: Risk Of Another Dividend Reset In 2026

FS KKR Capital faces valuation pressure after two consecutive dividend cuts in Q4'25 and Q1'26 and persistent asset quality concerns. FSK's non-accrual ratio remains elevated at 3.8%, and dividend coverage is just 100%, signaling ongoing payout risk. I maintain a 'Hold' rating with a slightly negative outlook, citing potential for a dividend reset if loan quality does not improve and coverage drops below 100%.

FS KKR Capital: Risk Of Another Dividend Reset In 2026

12%+ Yields At 30%+ Discounts: Top 2 Undervalued BDCs

So far, the Q2 earnings season has been positive for BDCs. Some BDCs have appreciated by double-digit figures. Among these BDCs are my two tactical trade ideas.

12%+ Yields At 30%+ Discounts: Top 2 Undervalued BDCs

FS KKR: Deep Value 13%+ Yield For Pennies On The Dollar

FSK trades at a 35% discount to NAV and offers a 13.8% forward dividend yield. It just reported its Q2 results after posting horrible Q1 results previously. I dig into the numbers to see what went right, what went wrong, and what would need to happen for me to want to buy the stock.

FS KKR: Deep Value 13%+ Yield For Pennies On The Dollar

FS KKR Capital Q2 Earnings Call Highlights

FS KKR Capital NYSE: FSK reported second-quarter 2026 net investment income of $0.44 per share and adjusted net investment income of $0.43 per share, while net asset value declined 2.8% sequentially to $18.30 per share.

FS KKR Capital Q2 Earnings Call Highlights

FS KKR Capital: A 41% Discount To NAV That Still Isn't Cheap

FS KKR Capital Corp. remains a sell due to persistent NAV erosion, weak earnings, and thin dividend coverage. FSK's adjusted net investment income of $0.43 per share no longer fully covers its $0.44 dividend, with coverage propped up by a temporary incentive fee waiver. Portfolio fair value and investment income are in a clear downtrend, while net investment activity remains negative and software exposure heightens risk.

FS KKR Capital: A 41% Discount To NAV That Still Isn't Cheap

FS KKR: Time To Get Bullish Again, Upgrading To A Buy

FS KKR Capital Corp. is upgraded to a buy after Q2 2026 results showed the first sequential NII growth in over a year. FSK trades at a -42% discount to NAV, with a fully covered 16.7% yield and a $300 million buyback program retiring shares at 59 cents on the dollar. Operational improvements include declining non-accruals, net leverage back within target, and expense reductions driving NII growth despite lower investment income.

FS KKR: Time To Get Bullish Again, Upgrading To A Buy

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