NewtekOne, Inc. (NEWT) to Issue Quarterly Dividend of $0.19 on January 2nd

NewtekOne, Inc. (NASDAQ:NEWT) announced a quarterly dividend on Wednesday, December 10th. Investors of record on Monday, December 22nd will be paid 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 6.2%. The ex-dividend date of this dividend is Monday, December 22nd.

NewtekOne has decreased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. NewtekOne has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.1%

NASDAQ:NEWT opened at $12.23 on Friday. The business’s 50-day moving average is $10.78 and its two-hundred day moving average is $11.29. The firm has a market capitalization of $353.32 million, a PE ratio of 5.48 and a beta of 1.26. NewtekOne has a 12 month low of $9.12 and a 12 month high of $13.74. The company has a debt-to-equity ratio of 5.69, a current ratio of 0.67 and a quick ratio of 0.67.

NewtekOne (NASDAQ:NEWT) last issued its earnings results on Wednesday, October 29th. The business services provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.04. The company had revenue of $74.94 million during the quarter, compared to the consensus estimate of $78.31 million. NewtekOne had a return on equity of 19.93% and a net margin of 15.59%. Research analysts predict that NewtekOne will post 1.93 earnings per share for the current fiscal year.

About NewtekOne

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium?sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.