NEWTEK Business Services Corp (NEWT) Announces Quarterly Dividend of $0.40
NEWTEK Business Services Corp (NASDAQ:NEWT) announced a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Investors of record on Tuesday, March 20th will be paid a dividend of 0.40 per share by the business services provider on Friday, March 30th. This represents a $1.60 dividend on an annualized basis and a yield of 8.50%. The ex-dividend date is Monday, March 19th.
Shares of NEWTEK Business Services (NASDAQ NEWT) opened at $18.83 on Wednesday. NEWTEK Business Services has a 12-month low of $15.68 and a 12-month high of $19.40. The company has a market capitalization of $343.12, a PE ratio of 14.87, a P/E/G ratio of 3.23 and a beta of 1.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.42 and a quick ratio of 0.42.
NEWTEK Business Services (NASDAQ:NEWT) last released its quarterly earnings results on Monday, March 5th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). The company had revenue of $10.42 million for the quarter, compared to analyst estimates of $10.08 million. NEWTEK Business Services had a net margin of 107.74% and a return on equity of 8.63%. equities analysts anticipate that NEWTEK Business Services will post 1.92 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “NEWTEK Business Services Corp (NEWT) Announces Quarterly Dividend of $0.40” was published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.dailypolitical.com/2018/03/14/newtek-business-services-corp-newt-announces-quarterly-dividend-of-0-40.html.
About NEWTEK Business Services
Newtek Business Services Corp. is an internally managed non-diversified closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation primarily through loans originated by its small business finance platform and its equity investments in certain portfolio companies that it controls.
Receive News & Ratings for NEWTEK Business Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEWTEK Business Services and related companies with MarketBeat.com's FREE daily email newsletter.