NEWT Newtek Business Services dividend history, payout ratio & dates
Newtek Business Services's latest cash dividend of $0.19 per share was issued to shareholders on record before Oct 10, 2024. At an annualized rate of $0.75 per share, the stock yields 5.33%.
Key dates
- NEWT last dividend date: Oct 10, 2024
NEWT dividend stats
vs. Financial Services sector
Dividend yield
NEWT has a dividend yield of 5.33% which is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 2.58%, Newtek Business Services's dividend yield is 107% higher. The historical 5-year average of NEWT's dividend yield is 11.3%, which is above the current yield.
Dividend history
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 decreased by 40% for the last twelve months. And with the price of the stock up by 7% from a year ago, the dividend yield has decreased by 44%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| 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% |
| Apr 3, 2023 | $0.18 | 18.63% |
| Dec 19, 2022 | $0.7 | 16.58% |
| Sep 19, 2022 | $0.65 | 15.93% |
| Jun 16, 2022 | $0.75 | 17.37% |
| Mar 18, 2022 | $0.65 | 12.39% |
| Dec 17, 2021 | $1.05 | 11.57% |
| Sep 17, 2021 | $0.9 | 9.53% |
| Jun 14, 2021 | $0.7 | 7.53% |
| Mar 19, 2021 | $0.5 | 8.14% |
| Dec 17, 2020 | $0.47 | 11.16% |
| Sep 18, 2020 | $0.58 | 11.96% |
| Jul 14, 2020 | $0.56 | 13.18% |
| Mar 17, 2020 | $0.44 | 19.24% |
| Dec 13, 2019 | $0.71 | 9.43% |
| Sep 19, 2019 | $0.58 | 8.32% |
| Jun 13, 2019 | $0.46 | 8.17% |
| Mar 14, 2019 | $0.4 | 8.86% |
| Dec 17, 2018 | $0.5 | 10.41% |
| Sep 14, 2018 | $0.48 | 7.77% |
| Jun 14, 2018 | $0.42 | 8.77% |
| Mar 19, 2018 | $0.4 | 9.19% |
| Dec 15, 2017 | $0.44 | 8.64% |
| Sep 21, 2017 | $0.44 | 9.12% |
| May 26, 2017 | $0.4 | 11.45% |
| Mar 16, 2017 | $0.36 | 8.98% |
| Dec 13, 2016 | $0.4 | 12.38% |
| Sep 16, 2016 | $0.43 | 34.1% |
| Jun 16, 2016 | $0.35 | 35.02% |
| Mar 18, 2016 | $0.35 | 35.25% |
| Jan 5, 2016 | $0.4 | 31.83% |
| Nov 16, 2015 | $2.69 | 28.3% |
| Oct 20, 2015 | $0.5 | 7.69% |
| Jun 25, 2015 | $0.47 | 4.78% |
| Mar 26, 2015 | $0.39 | 2.13% |
Newtek Business Services dividend payout ratio
Payout ratio
NEWT has a payout ratio of 36.6% which is lower than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 44%, Newtek Business Services's payout ratio is 17% lower.
Total amount of dividends paid per financial year (from cash flow)
NEWT dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NEWT Newtek Business Services Corp | 5.33% | $0.75 | 36.6% |
| ARES Ares Management Corp | 2.03% | $3.56 | 161.1% |
| JPM Jpmorgan Chase & Co | 1.88% | $4.6 | 25.5% |
| RMAX RE/MAX Holdings Inc | N/A | N/A | N/A |
Frequently asked questions
Does Newtek Business Services pay a dividend?
Yes, Newtek Business Services has paid four dividends in the last twelve months. NEWT has been paying dividends since 2015.
When was NEWT's last dividend?
Newtek Business Services's last regular dividend was on Oct 10, 2024 (ex-date) with the amount of $0.19 per share.
How much dividend does Newtek Business Services pay (per share)?
On an annual basis NEWT pays $0.75 per share.
What is Newtek Business Services's dividend yield?
Newtek Business Services's current dividend yield is 5.33%.
How often does Newtek Business Services pay dividends?
Newtek Business Services has a quarterly dividend frequency.
What is Newtek Business Services's dividend payout ratio?
The dividend payout ratio of Newtek Business Services is 36.6%.
Does Newtek Business Services pay a good dividend?
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.