FSK vs OBDC: dividend, yield and NAV.
FS KKR Capital against Blue Owl Capital, from the records members read.
FSK pays $0.44/share a quarter, a 15.04% yield at $11.70. NAV $18.30, NII coverage 1.03x, non-accruals 3.8%. Dividend history and quarterly ledger. OBDC pays $0.31/share a quarter, a 11.33% yield at $10.94. NAV $14.26, NII coverage 1.15x, non-accruals 0.8%. Dividend history and quarterly ledger.
Q1 · What each pays
The regular dividend is $0.44/share a quarter, $1.76 a year. Supplemental payments added $0.28/share in the trailing year. The last ex-date was December 16, 2026, paid December 24, 2026.
The regular dividend is $0.31/share a quarter, $1.24 a year. Supplemental payments added $0.14/share in the trailing year. The last ex-date was December 31, 2026, paid January 15, 2027.
Q2 · What to check on each
Net asset value was $18.30/share at June 30, 2026, so the shares trade at a 36.1% discount. Net investment income covered the regular dividend 1.03x over the four quarters to Q3 2026. Leverage ran 1.26x debt to equity; 3.8% of the portfolio at fair value was on non-accrual. Payment-in-kind income was 15.6% of investment income in Q3 2026.
Net asset value was $14.26/share at June 30, 2026, so the shares trade at a 23.3% discount. Net investment income covered the regular dividend 1.15x over the four quarters to Q3 2026. Leverage ran 1.12x debt to equity; 0.8% of the portfolio at fair value was on non-accrual and 69.1% was senior secured. Payment-in-kind income was 9.9% of investment income in Q3 2026.
Dividend history, last eight payments
| Ex-date | Paid | Per share |
|---|---|---|
| Dec 16, 2026 | Dec 24, 2026 | $0.44 |
| Dec 1, 2026 | Dec 15, 2026 | $0.20special |
| Sep 16, 2026 | Oct 2, 2026 | $0.44 |
| Jun 17, 2026 | Jul 2, 2026 | $0.42 |
| Mar 18, 2026 | Apr 2, 2026 | $0.48 |
| Dec 3, 2025 | Dec 17, 2025 | $0.70 |
| Sep 17, 2025 | Oct 2, 2025 | $0.70 |
| Jun 18, 2025 | Jul 2, 2025 | $0.70 |
| Ex-date | Paid | Per share |
|---|---|---|
| Dec 31, 2026 | Jan 15, 2027 | $0.31 |
| Nov 30, 2026 | Dec 15, 2026 | $0.01special |
| Sep 30, 2026 | Oct 15, 2026 | $0.31 |
| Aug 31, 2026 | Sep 15, 2026 | $0.02special |
| Jun 30, 2026 | Jul 15, 2026 | $0.31 |
| Mar 31, 2026 | Apr 15, 2026 | $0.37 |
| Dec 31, 2025 | Jan 15, 2026 | $0.37 |
| Sep 30, 2025 | Oct 15, 2025 | $0.37 |
Read the full records
- BDC dividend coverage explainedWhy net investment income against the regular dividend is the first check.
- What PIK income means for BDC dividendsInterest paid in more paper rather than cash, and what it does to coverage.
- The basics of business development companiesStructure, leverage limits and the 150% asset-coverage floor.
This page describes two records and picks neither. The score describes income quality on a 0-to-10 scale and ranks nothing. Credit quality shows Investment grade, High yield or Not rated. Sources: SEC EDGAR, licensed market data, FRED. Nothing on this page is investment advice or a recommendation to buy, sell or hold.
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