Gewinn- und Verlustrechnung von FS KKR Capital Corp.

Bullish (NYSE: BLSH - Get Free Report) and FS KKR Capital (NYSE: FSK - Get Free Report) are both mid-cap finance companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, risk, analyst recommendations, profitability, institutional ownership, valuation and earnings. Insider and Institutional Ownership 36.3% of FS

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.

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%.

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.

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 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 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 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 Capital Corp (FSK) Q2 2026 Earnings Call Transcript

FS KKR Capital (FSK) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to a loss of $0.6 per share a year ago.