Newtek Business Services Corp. (NASDAQ:NEWT) will begin trading ex-dividend on July 14, 2020. The quarterly dividend payment of $ 0.56 per share is scheduled to be paid on July 31, 2020. Shareholders who purchased NEWT prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Recent Earnings Announcement
Newtek Business Services Corp. posted income for the first quarter of $ 0.21 per share, from the revenue of $ 15.80 million. The quarterly earnings shrunk 52.27 percent while revenues expanded 17.65 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.50 per share from $ 16.74 million in revenue. The bottom line results missed street analysts by $ 0.29 or 58 percent, at the same time, top line results fell short of analysts by $ 0.94 million or 5.62 percent.
Stock Performance
According to the previous trading day, closing price of NEWT was $ 18.00, representing a 137.15 % increase from the 52 week low of $ 7.59 and a 24.97 % decrease over the 52 week high of $ 23.99.
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The company has a market capital of $ 376.23 million and is part of the Financial Services sector and Asset Management industry.
Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses.