Newtek Business Services's latest quarterly cash dividend of $0.19 per share was issued to shareholders on record before Jul 9, 2024. At an annualized rate of $0.74 per share, the stock yields 5.14%.
NEWT has a dividend yield of 5.14% which is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 2.85%, Newtek Business Services's dividend yield is 80% higher. The historical 5-year average of NEWT's dividend yield is 11.4%, 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 decreased by 57% for the last twelve months. And with the price of the stock down by 19% from a year ago, the dividend yield has decreased by 46%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
Jul 9, 2024 | Jul 19, 2024 | Jun 26, 2024 | $0.19 | normal |
Mar 28, 2024 | Apr 15, 2024 | Mar 19, 2024 | $0.19 | normal |
Dec 28, 2023 | Jan 12, 2024 | Dec 11, 2023 | $0.18 | normal |
Oct 6, 2023 | Oct 20, 2023 | Sep 27, 2023 | $0.18 | normal |
Jul 7, 2023 | Jul 21, 2023 | Jun 27, 2023 | $0.18 | normal |
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 40.9% which is lower than the Financial Services sector and the industry average. But if we consider the Financial Services sector average of 41.2%, Newtek Business Services's payout ratio is only 0.7% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
RMAX RE/MAX Holdings Inc | 9.61% | $0.92 | N/A |
NEWT Newtek Business Services Corp | 5.33% | $0.74 | 40.9% |
ARES Ares Management Corp | 2.31% | $3.4 | 149.1% |
JPM Jpmorgan Chase & Co | 2.07% | $4.4 | 26.5% |
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 October 2024.
Newtek Business Services's last regular dividend was on Jul 9, 2024 (ex-date) with the amount of $0.19 per share.
On an annual basis NEWT pays $0.74 per share.
Newtek Business Services's current dividend yield is 5.14%.
Newtek Business Services has a quarterly dividend frequency.
The dividend payout ratio of Newtek Business Services is 40.9%.
Newtek Business Services's dividend yield is above the Financial Services sector average.