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

by · The Markets Daily

NewtekOne, Inc. (NASDAQ:NEWT – Get Free Report) declared a quarterly dividend on Wednesday, December 10th. Shareholders of record on Monday, December 22nd will be given a dividend of 0.19 per share by the business services provider on Friday, January 2nd. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Monday, December 22nd.

NewtekOne has decreased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. NewtekOne has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect NewtekOne to earn $2.12 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 35.8%.

NewtekOne Stock Up 1.9%

Shares of NEWT opened at $11.56 on Thursday. NewtekOne has a 52-week low of $9.12 and a 52-week high of $14.44. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 5.69. The stock has a fifty day simple moving average of $10.65 and a two-hundred day simple moving average of $11.24. The company has a market capitalization of $333.97 million, a PE ratio of 5.18 and a beta of 1.26.

NewtekOne (NASDAQ:NEWT – Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.04. NewtekOne had a net margin of 15.59% and a return on equity of 19.93%. The firm had revenue of $74.94 million for the quarter, compared to analysts’ expectations of $78.31 million. As a group, equities analysts forecast that NewtekOne will post 1.93 EPS for the current year.

About NewtekOne

(Get Free Report)

NewtekOne, Inc operates as the bank holding company for Newtek Bank, National Association that engages in the provision of various business and financial solutions under the Newtek brand name to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including SBA loans, commercial and industrial loans, and commercial real estate loans.

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