NewtekOne, Inc. (NEWT) to Issue Quarterly Dividend of $0.19 on April 1st

NewtekOne, Inc. (NASDAQ:NEWT) announced a quarterly dividend on Friday, March 13th. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.19 per share by the business services provider on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date is Tuesday, March 24th.

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 dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

NASDAQ:NEWT opened at $11.23 on Friday. The company has a debt-to-equity ratio of 6.41, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a 50-day simple moving average of $13.03 and a two-hundred day simple moving average of $11.85. The firm has a market capitalization of $323.76 million, a PE ratio of 5.13 and a beta of 1.25. NewtekOne has a 52-week low of $9.12 and a 52-week high of $14.91.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.65 EPS for the quarter, hitting the consensus estimate of $0.65. The firm had revenue of $120.83 million for the quarter, compared to the consensus estimate of $80.01 million. NewtekOne had a return on equity of 18.83% and a net margin of 15.51%. Analysts forecast that NewtekOne will post 1.93 EPS for the current 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.