<2> RBC Capital Cuts FS KKR Stock Price Target on Dividend Outlook
<3> FS KKR Capital Corp. (FSK), a business development company (BDC) focused on providing capital to middle-market companies, has seen its stock price target cut by RBC Capital Markets. The move comes as a result of a revised dividend outlook for the company.
<4> According to a report by RBC Capital Markets, the firm has reduced its price target for FSK stock from $14.50 to $13.50. This change reflects the analyst’s updated expectations for the company’s dividend payments.
<5> FSK has a history of paying consistent dividends to its shareholders, with a current yield of around 8.5%. However, the company’s dividend payments have been impacted by the economic downturn caused by the COVID-19 pandemic.
<6> In a statement, RBC Capital Markets noted that while FSK’s dividend payments have been affected by the pandemic, the company’s underlying business remains strong. The firm believes that FSK’s portfolio of middle-market companies will continue to perform well in the coming years.
<7> FS KKR Capital Corp. is a leading BDC in the middle-market lending space, with a portfolio