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.

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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.

NEWT has been the subject of a number of analyst reports. BidaskClub upgraded NEWTEK Business Services from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded NEWTEK Business Services from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Finally, Keefe, Bruyette & Woods set a $19.00 price target on NEWTEK Business Services and gave the company a “hold” rating in a research note on Tuesday, March 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. NEWTEK Business Services has an average rating of “Hold” and an average price target of $19.00.

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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.

Dividend History for NEWTEK Business Services (NASDAQ:NEWT)

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