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NEWT Newtek Business Services dividend history, payout ratio & dates

Newtek Business Services's latest quarterly cash dividend of $0.65 per share was issued to shareholders on record before Sep 19, 2022. At an annualized rate of $3.2 per share, the stock yields 17.69%. The latest NEWT dividend of $0.65 is a decrease from the previous $0.75 payout, representing a change of -13%.

Key dates

  • NEWT last dividend date: Sep 19, 2022
  • NEWT next dividend date: Dec 19, 2022
NEWT dividend stats
DPS
$3.2
Dividend yield
17.6%
Payout ratio
141%
vs. Financial Services sector
Dividend yield
2.73%
Payout ratio
30.7%

Dividend yield

What is Newtek Business Services current dividend yield

NEWT has a dividend yield of 17.69% which is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 2.73%, Newtek Business Services's dividend yield is 548% higher. The historical 5-year average of NEWT's dividend yield is 10.9%, which is below the current yield.

Dividend history

What is NEWT dividend payout history and dates

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 increased by 25% for the last twelve months. And with the price of the stock down by 40% from a year ago, the dividend yield has increased by 108%.

Recent dividends

Ex-date Payment date Declared on Amount Type
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

Newtek Business Services dividend payout ratio

What is Newtek Business Services dividend payout ratio compared to the sector

Payout ratio

NEWT has a payout ratio of 141% which is higher than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 30.7%, Newtek Business Services's payout ratio is 359% higher.

Total amount of dividends paid per financial year (from cash flow)

NEWT dividend vs peer dividends

How does NEWT dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
NEWT Newtek Business Services Corp 17.6% $3.2 141%
RMAX RE/MAX Holdings Inc 4.59% $0.92 164.3%
ARES Ares Management Corp 3.28% $2.3 250%
JPM Jpmorgan Chase & Co 3.01% $4 33.7%

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 is Newtek Business Services's next dividend?

NEWT's next dividend date is Dec 19, 2022 (ex-date).

When was NEWT's last dividend?

Newtek Business Services's last regular dividend was on Sep 19, 2022 (ex-date) with the amount of $0.65 per share.

How much dividend does Newtek Business Services pay (per share)?

On an annual basis NEWT pays $3.2 per share.

What is Newtek Business Services's dividend yield?

Newtek Business Services's current dividend yield is 17.69%.

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 141%.

Does Newtek Business Services pay a good dividend?

Newtek Business Services's dividend yield is above the Financial Services sector average.