Newtek Business Services (NEWT) Declares $0.40 Quarterly Dividend; 8.8% Yield

Newtek Business Services (NASDAQ: NEWT) declared a quarterly dividend of $0.40 per share, or $1.6 annualized.

The dividend will be payable on March 30, 2018, to stockholders of record on March 20, 2018, with an ex-dividend date of March 19, 2018.

The annual yield on the dividend is 8.8 percent.

“We are pleased to declare our first quarter 2018 dividend and announce that we have increased our 2018 annual dividend forecast to $1.70 per share, which illustrates our confidence in and near-term visibility into the internal dynamics of our business model and strategy, which are on target as we enter 2018. In particular, we have implemented personnel changes, obtained new strategic alliances and continue to realize a pipeline of opportunities, all of which give us the confidence to increase our 2018 annual dividend forecast to $1.70 per share. We look forward to reporting our 2017 financial results in March, and discussing our anticipated goals and performance metrics for 2018.”

For a dividend history and other dividend-related data on Newtek Business Services (NEWT) click here.

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