NewtekOne, Inc. Declares Quarterly Dividend of $0.19 (NASDAQ:NEWT)

NewtekOne, Inc. (NASDAQ:NEWT) announced a quarterly dividend on Monday, September 14th. Investors of record on Thursday, September 24th will be given a dividend of 0.19 per share by the business services provider on Thursday, October 1st. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Thursday, September 24th.

NewtekOne has decreased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. NewtekOne has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect NewtekOne to earn $2.09 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 36.4%.

NewtekOne Price Performance

NASDAQ NEWT traded up $0.04 during mid-day trading on Monday, hitting $12.26. The stock had a trading volume of 157,864 shares, compared to its average volume of 238,255. The firm’s 50 day moving average is $13.57 and its 200 day moving average is $13.10. The company has a debt-to-equity ratio of 7.41, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $354.19 million, a price-to-earnings ratio of 5.52 and a beta of 1.27. NewtekOne has a twelve month low of $9.59 and a twelve month high of $15.69.

NewtekOne (NASDAQ:NEWT) last issued its earnings results on Thursday, August 6th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. NewtekOne had a return on equity of 17.97% and a net margin of 15.57%.The business had revenue of $90.05 million during the quarter, compared to the consensus estimate of $75.00 million. Equities research analysts forecast that NewtekOne will post 1.75 earnings per share for the current fiscal year.

NewtekOne Company Profile

NewtekOne, Inc is a financial holding company that provides banking and business services primarily to small and medium-sized businesses and their owners. The company is the parent of Newtek Bank, N.A., a nationally chartered bank that offers commercial lending, business deposit accounts, treasury management and other financial products.

Newtek Bank’s lending activities include Small Business Administration (SBA) loans, commercial real estate financing and other business loans. Through its banking platform and affiliated operating companies, NewtekOne also provides services such as electronic payment processing, payroll, insurance and technology solutions designed to support the financial and operational needs of business customers.

The company was founded in 1999 and operated for many years as Newtek Business Services Corp., a business development company focused on providing financing and business services to small businesses.