- Previous articles discussed BDCs with growing dividends supported by a history of strong portfolio credit performance.
- FSK is not one of those BDCs for the reasons discussed in this article.
- Most services are currently showing FSK with a dividend yield of almost 12% which is overstated as discussed in this article along with previously realized losses and NAV declines.
- Also discussed is the new advisor fee agreement which has taken management off the hook for additional credit issues.
- Now that management has no skin in the game should you be invested in this BDC given its historical credit issues?
For further details see:
FS KKR Capital: Dividend Decrease Coming