Newtek Business Services's latest cash dividend of $0.19 per share was issued to shareholders on record before Dec 31, 2024. At an annualized rate of $0.76 per share, the stock yields 6.08%.
NEWT has a dividend yield of 6.08% which is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 2.9%, Newtek Business Services's dividend yield is 110% higher. The historical 5-year average of NEWT's dividend yield is 11.1%, which is above the current yield.
Newtek Business Services has a dividend history dating as far as 2009, but consistently the company has been paying dividends for the last nine consecutive years. Our records show that NEWT has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 6% for the last twelve months. And with the price of the stock down by 8% from a year ago, the dividend yield has increased by 15%.
Ex-date | Amount | Yield (TTM) |
---|---|---|
Dec 31, 2024 | $0.19 | 5.95% |
Oct 10, 2024 | $0.19 | 6.03% |
Jul 9, 2024 | $0.19 | 5.93% |
Mar 28, 2024 | $0.19 | 6.64% |
Dec 28, 2023 | $0.18 | 5.1% |
Oct 6, 2023 | $0.18 | 8.95% |
Jul 7, 2023 | $0.18 | 10.3% |
NEWT has a payout ratio of 37.1% which is lower than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 45%, Newtek Business Services's payout ratio is 18% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
NEWT Newtek Business Services Corp | 6.08% | $0.76 | 37.1% |
ARES Ares Management Corp | 2.04% | $3.72 | 168.3% |
JPM Jpmorgan Chase & Co | 1.97% | $4.8 | 26.7% |
RMAX RE/MAX Holdings Inc | N/A | N/A | N/A |
Yes, Newtek Business Services has paid four dividends in the last twelve months. NEWT has been paying dividends since 2015.
Newtek Business Services's last regular dividend was on Dec 31, 2024 (ex-date) with the amount of $0.19 per share.
On an annual basis NEWT pays $0.76 per share.
Newtek Business Services's current dividend yield is 6.08%.
Newtek Business Services has a quarterly dividend frequency.
The dividend payout ratio of Newtek Business Services is 37.1%.
Newtek Business Services's dividend yield is above the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from and Sharadar.