Newtek Business Services (NEWT) Raises Annual Dividend 15% to $0.46; 2.1% Yield

Newtek Business Services (NASDAQ: NEWT) declared an annual dividend of $0.46 per share, or $0.46 annualized. This is a 15% increase from the prior dividend of $0.40.

The dividend will be payable on June 28, 2019, to stockholders of record on June 14, 2019, with an ex-dividend date of June 13, 2019.

The annual yield on the dividend is 2.1 percent.

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. While the longest government shutdown in history affected our first quarter 2019 loan fundings by shifting a portion of them forward, we believe this loan buildup in our pipeline from the first quarter will fund and close in the second quarter of 2019.”

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

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