Newtek Business Services Corp. (NASDAQ:NEWT) will begin trading ex-dividend on September 18, 2020. The 3Q20 dividend payment of $ 0.58 per share is scheduled to be paid on September 30, 2020. The dividend yield based on the latest trading day closing price was 11.87 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Newtek Business Services Corp. recently reported first quarter financial results on May 7, 2020, after market close, provider of financial and business services unwinded income for the first quarter of $ 0.21 per share, from the revenue of $ 15.80 million. The quarterly earnings contracted 52.27 percent while revenues grew 17.65 percent compared with the same quarter last year.
Street analysts expected Newtek Business Services Corp. recently reported first quarter financial results on May 7, 2020, after market close, provider of financial and business services to report income of $ 0.50 per share on revenue of $ 16.74 million for the first quarter. 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
Shares of Newtek Business Services Corp. traded low $ -0.18 or -0.91 percent on Thursday, reaching $ 19.54 with volume of 106.90 thousand shares. Newtek Business Services Corp. has traded high as $ 19.98 and has cracked $ 19.36 on the downward trend
According to the previous trading day, closing price of $ 19.54, representing a 159.82 % increase from the 52 week low of $ 7.59 and a 17.8 % decrease over the 52 week high of $ 23.99.
The company has a market capital of $ 413.93 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.
