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

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

Newtek Declares First Quarter 2018 Dividend of $0.40 per Share

January 18, 2018 9:00 AM EST

Increases 2018 Annual Dividend Guidance to $1.70 per share

LAKE SUCCESS, N.Y., Jan. 18, 2018 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (Newtek or the Company) (NASDAQ: NEWT), an internally managed business development company ("BDC"), today announced that its Board of Directors declared a first quarter 2018 cash dividend of $0.401 per share, which represents an approximate 11% increase over the first quarter 2017 dividend of $0.36 per share. The first quarter 2018 dividend is payable on March 30, 2018 to shareholders of record as of March 20, 2018. The Company also announced that it has increased its 2018 annual cash dividend forecast... More