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Posted by
Two Blokes Mon at 9:15 AM -
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Stock
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FSK offers a high 13.4% dividend yield, but dividend coverage is barely adequate and NAV continues to decline, raising sustainability concerns. Despite a strong quarter for new investments, persistent non-accruals and weak earnings suggest fundamental issues remain unresolved. FSK trades at a 10.5% discount to NAV, but this is less attractive than its historical average, reflecting market skepticism about quality.