NEWT - Newtek Business Services Corp.
| Previous Close | 22.57 |
| Open | 22.63 |
| Bid | 0.00 x 1200 |
| Ask | 0.00 x 800 |
| Day's Range | 22.40 - 22.77 |
| 52 Week Range | 15.59 - 23.87 |
| Volume | 129,229 |
| Avg. Volume | 108,193 |
| Market Cap | 430.187M |
| Beta (3Y Monthly) | 0.85 |
| PE Ratio (TTM) | 11.28 |
| EPS (TTM) | 1.99 |
| Earnings Date | Nov 5, 2019 - Nov 11, 2019 |
| Forward Dividend & Yield | 2.32 (10.28%) |
| Ex-Dividend Date | 2019-09-19 |
| 1y Target Est | 21.50 |
- MarketWatch
Newtek raises 2019 dividend forecast to an implied yield of nearly 10%
Newtek Business Services Corp. said Wednesday it will pay a third-quarter dividend of 58 cents a share, which is up 26% from the second-quarter dividend of 46 cents a share. The business development company said the new dividend will be payable Sept. 30 to shareholders of record on Sept. 20. Newtek raised its 2019 annual dividend payout forecast to $2.15 a share from a previous forecast of $1.95 a share. Based on Tuesday's stock closing price of $21.71, the new forecast implies a dividend yield of 9.9%, compared with the implied dividend yield for the S&P 500 of 2.01%. The company said the objective of its dividend policy is to pay out 90% to 100% of its annual taxable income, and is determined annually. "Given the volatility in the markets, we are pleased that Newtek has been able to maintain its upward momentum in its business as a result of its unique and diversified business model," said Chief Executive Barry Sloane. The stock, which was indicated up 2.0% in premarket trading, has rallied 24.5% year to date while the S&P 500 has gained 15.7%.
- GlobeNewswire
Newtek Business Services Corp. Declares Third Quarter 2019 Dividend of $0.58 per Share; a 20.8% Increase over the Third Quarter 2018 Dividend
Newtek Business Services Corp., (NEWT), an internally managed business development company (“BDC”), today announced that its Board of Directors declared a third quarter 2019 cash dividend of $0.58 per share, which represents a 20.8% increase over the third quarter 2018 cash dividend. The Company also raised its 2019 annual cash dividend forecast to $2.151 per share, which would represent a 19.4% increase over the Company’s 2018 annual dividend payment of $1.80 per share.
- Thomson Reuters StreetEvents
Edited Transcript of NEWT earnings conference call or presentation 7-Aug-19 12:30pm GMT
Q2 2019 Newtek Business Services Corp Earnings Call
Motley FoolNewtek Business Services Corp (NEWT) Q2 2019 Earnings Call Transcript
NEWT earnings call for the period ending June 30, 2019.
- Zacks
Newtek (NEWT) Misses Q2 Earnings and Revenue Estimates
Newtek (NEWT) delivered earnings and revenue surprises of -1.72% and -1.26%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- GlobeNewswire
Newtek Business Services Corp. Reports Second Quarter 2019 Financial Results
LAKE SUCCESS, N.Y., Aug. 06, 2019 -- Newtek Business Services Corp. (“Newtek” or the “Company”) (Nasdaq: NEWT), an internally managed business development company (“BDC”),.
- Zacks
Newtek (NEWT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Newtek (NEWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- GlobeNewswire
Newtek Business Services Corp. Raises 2019 Annual Dividend Forecast to $1.95 per Share
LAKE SUCCESS, N.Y., July 30, 2019 -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that it has.
- GlobeNewswire
Newtek Business Services Corp. Prices a Public Offering of 5.75% Notes Due 2024
LAKE SUCCESS, N.Y., July 25, 2019 -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced the pricing of.
- GlobeNewswire
Newtek Business Services Corp. to Report Second Quarter 2019 Financial Results on Tuesday, August 6, 2019 After the Market Closes
LAKE SUCCESS, N.Y., July 22, 2019 -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that it will.
- GlobeNewswire
Newtek Small Business Finance, LLC Increases Capital One Revolving Credit Facility to $150.0 Million
LAKE SUCCESS, N.Y., June 24, 2019 -- Newtek Business Services Corp. (“Newtek” or the “Company”), (Nasdaq: NEWT), an internally managed business development company ("BDC"),.
- GlobeNewswire
Newtek Business Services Corp. Announces Extension of Stock Repurchase Program
LAKE SUCCESS, N.Y., June 21, 2019 -- Newtek Business Services Corp. (the “Company” or “Newtek”) (Nasdaq: NEWT) today announced that its board of directors approved extending.
- GlobeNewswire
Newtek Business Services Corp. to Host Analyst and Investor Day
LAKE SUCCESS, N.Y., June 17, 2019 -- Newtek Business Services Corp. (“Newtek” or the “Company”) (NASDAQ: NEWT), an internally managed business development company ("BDC"),.
- GlobeNewswire
Newtek Business Services Corp. Raises 2019 Annual Dividend Forecast to $1.90 per Share
Barry Sloane, Chairman, President and Chief Executive Officer commented, “We are extremely pleased to increase our 2019 dividend forecast, our second increase this year, and maintain our goal of distributing approximately 90-100% of our taxable income for the year. Our performance continues to underscore our distinct business model, and we are proud of the continued growth in loan volume and referrals we are experiencing in the second quarter thus far, and continue to be comfortable with the creditworthiness of our loan portfolio.
- GlobeNewswire
Newtek Small Business Lending Hires James DeSantis as Director of Credit Operations
LAKE SUCCESS, N.Y., May 29, 2019 -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that its.
- Zacks
SBIC & Commercial Finance Industry Outlook: More Upside Left
SBIC & Commercial Finance Industry Outlook: More Upside Left
- GlobeNewswire
Newtek Small Business Lending Assigned Business-Based Servicer Rankings by S&P Global Ratings
LAKE SUCCESS, N.Y., May 22, 2019 -- Newtek Business Services Corp. (“Newtek” or the “Company”) (Nasdaq: NEWT), an internally managed business development company ("BDC"), today.
- GlobeNewswire
Newtek Business Services Corp. Launches Origination Platform for Non-Conforming C&I Term Loans
LAKE SUCCESS, N.Y., May 20, 2019 -- Newtek Business Services Corp. (“Newtek” or the “Company”) (Nasdaq: NEWT), an internally managed business development company ("BDC"), today.
- Zacks
Main Street (MAIN) Rewards Investors With 2.5% Dividend Hike
Main Street (MAIN) seems to have the potential to continue enhancing shareholder value backed by strong cash-generation capabilities.
- Zacks
Moving Average Crossover Alert: Newtek Business Services
Newtek Business Services is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
- Thomson Reuters StreetEvents
Edited Transcript of NEWT earnings conference call or presentation 2-May-19 12:30pm GMT
Q1 2019 Newtek Business Services Corp Earnings Call
Motley FoolNEWTEK BUSINESS SERVICES COR (NEWT) Q1 2019 Earnings Call Transcript
NEWT earnings call for the period ending March 31, 2019.
- Associated Press
Newtek: 1Q Earnings Snapshot
On a per-share basis, the Lake Success, New York-based company said it had net income of 48 cents. Earnings, adjusted for investment gains, came to 44 cents per share. The provider of financial and business ...
- GlobeNewswire
Newtek Business Services Corp. Reports First Quarter 2019 Financial Results
LAKE SUCCESS, N.Y., May 01, 2019 -- Newtek Business Services Corp. (“Newtek” or the “Company”) (Nasdaq: NEWT), an internally managed business development company (“BDC”),.
- GlobeNewswire
Newtek Business Services Corp. Declares Second Quarter 2019 Dividend of $0.46 per Share; an Increase of 9.5% Over the Second Quarter 2018 Dividend
(“Newtek”) (NEWT), an internally managed business development company ("BDC"), today announced that its Board of Directors declared a second quarter 2019 cash dividend of $0.46 per share, which represents a 9.5% increase over the second quarter 2018 cash dividend. Barry Sloane, Chairman, President and Chief Executive Officer said, “We are experiencing a robust business climate, and are pleased to announce a second quarter dividend that is a 9.5% increase over our second quarter dividend last year.
