Newtek Business Services (NEWT) Raises Quarterly Dividend 4.2% to $0.50; 11.1% Yield

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Go back to Newtek Business Services (NEWT) Raises Quarterly Dividend 4.2% to $0.50; 11.1% Yield

Newtek Business Services Corp. Declares Fourth Quarter 2018 Dividend of $0.50 per Share

October 29, 2018 8:30 AM EDT

Meets 2018 Annual Dividend Guidance of $1.80 per share

LAKE SUCCESS, N.Y., Oct. 29, 2018 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (Newtek) (Nasdaq: NEWT), an internally managed business development company ("BDC"), today announced that its Board of Directors declared a fourth quarter 2018 cash dividend1 of $0.50 per share. The fourth quarter dividend is payable on December 28, 2018 to shareholders of record as of December 18, 2018.  The payment of the fourth quarter 2018 dividend is in line with the Companys 2018 annual dividend guidance of $1.80 per share, which represents an approximate 9.8% increase over the 2017 annual cash... More