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Newtek Business Services Corp. (NEWT)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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32.56+0.74 (+2.33%)
At close: 4:00PM EDT
32.60 +0.04 (0.12%)
After hours: 03:54AM EDT
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Previous Close31.82
Open32.70
Bid32.60 x 800
Ask33.00 x 1000
Day's Range31.66 - 32.71
52 Week Range15.00 - 32.71
Volume196,636
Avg. Volume142,395
Market Cap732.916M
Beta (5Y Monthly)1.21
PE Ratio (TTM)9.88
EPS (TTM)3.30
Earnings DateAug 03, 2021 - Aug 09, 2021
Forward Dividend & Yield2.25 (7.07%)
Ex-Dividend DateJun 14, 2021
1y Target Est24.67
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • ACCESSWIRE

    Newtek Business Services Corp. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / May 12, 2021 / Newtek Business Services Corp. (NASDAQ:NEWT) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 12, 2021 at 8:30 AM Eastern Time.

  • Newtek Business Services Corp. Declares Second Quarter 2021 Dividend of $0.70 per Share
    GlobeNewswire

    Newtek Business Services Corp. Declares Second Quarter 2021 Dividend of $0.70 per Share

    BOCA RATON, Fla., May 11, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that its Board of Directors declared a second quarter 2021 cash dividend of $0.701 per share. The second quarter 2021 dividend is payable on June 30, 2021 to shareholders of record as of June 15, 2021. The payment of the second quarter 2021 dividend would represent a 25% increase over the second quarter 2020 dividend of $0.56 per share, and a 52.2% increase over the second quarter 2019 dividend of $0.46 per share. Note regarding Dividend Payments: The Company's Board of Directors expects to maintain a dividend policy with the objective of making quarterly distributions in an amount that approximates 90 - 100% of the Company's annual taxable income. The determination of the tax attributes of the Company's distributions is made annually as of the end of the Company's fiscal year based upon its taxable income for the full year and distributions paid for the full year. 1Amount and timing of dividends, if any, remain subject to the discretion of the Company’s Board of Directors. Newtek Business Services Corp., Your Business Solutions Company®, is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business (“SMB”) market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses and reduce their risk. Newtek’s and its portfolio companies’ products and services include: Business Lending, SBA Lending Solutions, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions. Newtek® and Your Business Solutions Company®, are registered trademarks of Newtek Business Services Corp. Note Regarding Forward Looking Statements This press release contains certain forward-looking statements. Words such as “believes,” “intends,” “expects,” “projects,” “anticipates,” “forecasts,” “goal” and “future” or similar expressions are intended to identify forward-looking statements. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, intensified competition, operating problems and their impact on revenues and profit margins, anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. Risk factors, cautionary statements and other conditions, which could cause Newtek’s actual results to differ from management’s current expectations, are contained in Newtek’s filings with the Securities and Exchange Commission and available through http://www.sec.gov/. Newtek cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. SOURCE: Newtek Business Services Corp. Investor Relations & Public RelationsContact: Jayne Cavuoto Telephone: (212) 273-8179 / jcavuoto@newtekone.com