FSK - FS KKR: Improvements In Non-Accruals And Portfolio (Rating Upgrade)
2024-07-01 07:20:34 ET
Summary
- FSK KKR Capital operates as a Business Development Company with a 13% dividend yield that is well-supported by net investment income.
- FSK shows slight portfolio improvements with diverse investments, focusing on senior secured debt and reducing exposure to real estate.
- The rate of non-accruals has improved over the quarter, making the portfolio of investments more attractive.
- FSK trades at an attractive discount to NAV of 19%. This may present an attractive entry point for new shareholders.
Overview
FS KKR Capital ( FSK ) operates as a business development company that invests in upper middle companies through different forms of debt such as lending or equity investments. I previously covered FSK back in early April, and the performance since then has outpaced the S&P 500 ( SPY ) due to the consistently high levels of distribution. FSK currently has a dividend yield of 13% which makes it highly appealing to investors looking to add high levels of income to their portfolio. We can see that FSK outperforms the VanEck Vectors BDC Income ETF ( BIZD ) as well....
FS KKR: Improvements In Non-Accruals And Portfolio (Rating Upgrade)