Newtek Business Services's latest quarterly cash dividend of $0.18 per share was issued to shareholders on record before Apr 3, 2023. At an annualized rate of $2.28 per share, the stock yields 18.31%. The latest NEWT dividend of $0.18 is a decrease from the previous $0.7 payout, representing a change of -74%.
NEWT has a dividend yield of 18.31% which is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 3.81%, Newtek Business Services's dividend yield is 381% higher. The historical 5-year average of NEWT's dividend yield is 11.8%, which is below the current yield.
Newtek Business Services has been paying dividends consistently since 2015. Our records show that NEWT has distributed four quarterly dividends in the past year. The annualized dividend per share has decreased by 33% for the last twelve months. However with the price of the stock down by 49% from a year ago, the dividend yield has increased by 31%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Apr 3, 2023 | Apr 14, 2023 | Feb 27, 2023 | $0.18 | normal |
| Dec 19, 2022 | Dec 30, 2022 | Nov 17, 2022 | $0.7 | normal |
| Sep 19, 2022 | Sep 30, 2022 | Aug 30, 2022 | $0.65 | normal |
| Jun 16, 2022 | Jun 30, 2022 | Apr 20, 2022 | $0.75 | normal |
| Mar 18, 2022 | Mar 31, 2022 | Dec 20, 2021 | $0.75 | normal |
| Dec 17, 2021 | Dec 30, 2021 | Oct 20, 2021 | $1.05 | normal |
| Sep 17, 2021 | Sep 30, 2021 | Aug 10, 2021 | $0.9 | normal |
| Jun 14, 2021 | Jun 30, 2021 | May 11, 2021 | $0.7 | normal |
| Mar 19, 2021 | Mar 31, 2021 | Feb 23, 2021 | $0.5 | normal |
| Dec 17, 2020 | Dec 30, 2020 | Nov 11, 2020 | $0.47 | normal |
| Sep 18, 2020 | Sep 30, 2020 | Jul 20, 2020 | $0.58 | normal |
| Jul 14, 2020 | Jul 31, 2020 | Jun 12, 2020 | $0.56 | normal |
| Mar 17, 2020 | Mar 29, 2020 | Feb 5, 2020 | $0.44 | normal |
| Dec 13, 2019 | Dec 30, 2019 | Oct 10, 2019 | $0.71 | normal |
| Sep 19, 2019 | Sep 30, 2019 | Aug 21, 2019 | $0.58 | normal |
| Jun 13, 2019 | Jun 28, 2019 | May 1, 2019 | $0.46 | normal |
| Mar 14, 2019 | Mar 29, 2019 | Feb 15, 2019 | $0.4 | normal |
| Dec 17, 2018 | Dec 28, 2018 | Oct 29, 2018 | $0.5 | normal |
| Sep 14, 2018 | Sep 28, 2018 | Aug 23, 2018 | $0.48 | normal |
| Jun 14, 2018 | Jun 29, 2018 | May 11, 2018 | $0.42 | normal |
| Mar 19, 2018 | Mar 30, 2018 | Jan 18, 2018 | $0.4 | normal |
| Dec 15, 2017 | Dec 28, 2017 | Nov 9, 2017 | $0.44 | normal |
| Sep 21, 2017 | Sep 29, 2017 | Aug 21, 2017 | $0.44 | normal |
| May 26, 2017 | Jun 30, 2017 | May 4, 2017 | $0.4 | normal |
| Mar 16, 2017 | Mar 31, 2017 | Mar 6, 2017 | $0.36 | normal |
| Dec 13, 2016 | Dec 30, 2016 | Nov 16, 2016 | $0.4 | normal |
| Sep 16, 2016 | Sep 30, 2016 | Sep 7, 2016 | $0.43 | normal |
| Jun 16, 2016 | Jun 30, 2016 | Jun 9, 2016 | $0.35 | normal |
NEWT has a payout ratio of 162.9% which is higher than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 32.1%, Newtek Business Services's payout ratio is 407% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NEWT Newtek Business Services Corp | 18.31% | $2.28 | 162.9% |
| RMAX RE/MAX Holdings Inc | 4.95% | $0.92 | 418.2% |
| ARES Ares Management Corp | 3.05% | $2.6 | 232.1% |
| JPM Jpmorgan Chase & Co | 2.92% | $4 | 29.5% |
Yes, Newtek Business Services has paid four dividends in the last twelve months. NEWT has been paying dividends since 2015.
NEWT hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in July 2023.
Newtek Business Services's last regular dividend was on Apr 3, 2023 (ex-date) with the amount of $0.18 per share.
On an annual basis NEWT pays $2.28 per share.
Newtek Business Services's current dividend yield is 18.31%.
Newtek Business Services has a quarterly dividend frequency.
The dividend payout ratio of Newtek Business Services is 162.9%.
Newtek Business Services's dividend yield is above the Financial Services sector average.