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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. The firm seeks to makes both debt and equity investments. Under debt investments, it focuses on first lien loans, which have terms of 1 to 25 years; second lien loans, which have terms of 5 to 25 years, and unsecured loans, which are provided to meet short-term funding needs and are repaid within 6 to 12 months. It operates through Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, and Capcos segments. The company originates small business administration loans for the purpose of acquiring commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions; and offers small business loan servicing and consulting services to the Federal Deposit Insurance Corporation and various other financial institutions, as well as provides management services. Its electronic payment processing services include credit and debit card processing, check approval, ancillary processing equipment and software to merchants, eCommerce, electronic solutions to accept non-cash payments, check conversion, remote deposit capture, ACH processing, and electronic gift and loyalty card programs. The company also provides Website hosting, dedicated server, and cloud hosting services; Web design and development; Internet marketing; data storage and backup and other related services; and ecommerce services, such as payment processing, online shopping cart tools, Website design and Web related services; Accounts Receivable Financing, and The Secure Gateway. In addition, it offers Newtek Advantage, a mobile, real-time operating platform enabling a business to access data on a smartphone, tablet, laptop, or PC for eCommerce, credit/debit transactions, Website statistics, payroll, insurance, and business loans. Further, the company sells personal, commercial, and health/benefits lines of insurance products; and payroll management processing and employee tax filing services. It has strategic alliances with American International Group, CTAA, Navy Federal Credit Union, Credit Union National Association, Pershing, and others to provide agent services to small business clients. The firm seeks to invest in New York and Louisiana area. The firm seeks to invest $0.3 million to $3 million in businesses. It provides small business terms loans ranging from $0.05 million to $10 million. The firm also provides account receivable financing ranging from $0.05 million to $1.5 million. It also provides $0.05 million to $10 million financing to owner occupied real estate businesses whose average net income over the last 2 years must not exceed $2.5 million. Newtek Business Services Corp.,was founded in 1998 and converted to a BDC company in 2014 and is headquartered in Boca Raton, Florida with additional offices in Lake Success, New York, Garden City, New York; Miami, Florida; Milwaukee, Wisconsin; New Orleans, Louisiana; and New York, New York.

Newtek Business Services Dividend Announcement

• Newtek Business Services announced a quarterly dividend of $0.19 per ordinary share which will be made payable on 2024-10-21. Ex dividend date: 2024-10-10
• Newtek Business Services annual dividend for 2024 was $0.57
• Newtek Business Services annual dividend for 2023 was $0.72
• Newtek Business Services's trailing twelve-month (TTM) dividend yield is 5.28%
• Newtek Business Services's payout ratio for the trailing twelve months (TTM) is 43.11%
• Newtek Business Services's dividend growth over the last five years (2018-2023) was -16.74% year

Newtek Business Services Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-10-10$0.19quarterly2024-10-21
2024-07-09$0.19quarterly2024-07-19
2024-03-28$0.19quarterly2024-04-15
2023-12-28$0.18quarterly2024-01-12
2023-10-06$0.18quarterly2023-10-20
2023-07-07$0.18quarterly2023-07-21
2023-04-03$0.18quarterly2023-04-14
2022-12-19$0.70quarterly2022-12-30
2022-09-19$0.65quarterly2022-09-30
2022-06-16$0.75quarterly2022-06-30
2022-03-18$0.65quarterly2022-03-31
2021-12-17$1.05quarterly2021-12-30
2021-09-17$0.90quarterly2021-09-30
2021-06-14$0.70quarterly2021-06-30
2021-03-19$0.50quarterly2021-03-31
2020-12-17$0.47quarterly2020-12-30
2020-09-18$0.58quarterly2020-09-30
2020-07-14$0.56quarterly2020-07-31
2020-03-17$0.44quarterly2020-03-31
2019-12-13$0.71quarterly2019-12-30
2019-09-19$0.58quarterly2019-09-30
2019-06-13$0.46quarterly2019-06-28
2019-03-14$0.40quarterly2019-03-29
2018-12-17$0.50quarterly2018-12-28
2018-09-14$0.48quarterly2018-09-28
2018-06-14$0.42quarterly2018-06-29
2018-03-19$0.40quarterly2018-03-30
2017-12-15$0.44quarterly2017-12-28
2017-09-21$0.44quarterly2017-09-29
2017-05-26$0.40quarterly2017-06-30
2017-03-16$0.36quarterly2017-03-31
2016-12-13$0.40quarterly2016-12-30
2016-09-16$0.43quarterly2016-09-30
2016-06-16$0.35quarterly2016-06-30
2016-03-18$0.35quarterly2016-03-31
2016-01-05$0.40quarterly2016-01-19
2015-11-16$2.69quarterly2015-12-31
2015-10-20$0.50quarterly2015-11-03
2015-06-25$0.47quarterly2015-07-15
2015-03-26$0.39quarterly2015-04-13
2009-11-23$0.02quarterly2009-12-08

Newtek Business Services Dividend per year

Newtek Business Services Dividend growth

Newtek Business Services Dividend Yield

Newtek Business Services current trailing twelve-month (TTM) dividend yield is 5.28%. Interested in purchasing Newtek Business Services stock? Use our calculator to estimate your expected dividend yield:

Newtek Business Services Financial Ratios

P/E ratio7.87
PEG ratio-0.01
P/B ratio1.28
ROE17.33%
Payout ratio43.11%
Current ratio0.95
Quick ratio0.95
Cash Ratio4.61

Newtek Business Services Dividend FAQ

How much is the next Newtek Business Services dividend?
Newtek Business Services's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Newtek Business Services dividend. The next Newtek Business Services dividend will be released in April, July, October, or December.
When is Newtek Business Services dividend paid?
Newtek Business Services pays dividends on a quarterly basis. The specific dates may vary each year but are generally around April, July, October, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Newtek Business Services pay?
The specific amount of Newtek Business Services dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Newtek Business Services's dividend history.
Does Newtek Business Services stock pay dividends?
Yes, Newtek Business Services does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Newtek Business Services's dividend history.
How much dividend does Newtek Business Services pay?
Newtek Business Services paid $0.57 in 2024, $0.72 in 2023, $2.75 in 2022, $3.15 in 2021, and $2.05 in 2020.
How often does Newtek Business Services pay dividends?
Newtek Business Services typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around April, July, October, and December.
What is Newtek Business Services's dividend yield?
The current dividend yield for Newtek Business Services is 5.28%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Newtek Business Services's exact dividend yield.
When does Newtek Business Services go ex dividend?
Newtek Business Services's ex-dividend date for the latest dividend was on 2024-10-10. Newtek Business Services typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Newtek Business Services dividend paid?
Newtek Business Services pays dividends on a quarterly basis, typically around April, July, October, or December, but the exact dates can vary each year.
Will Newtek Business Services increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Newtek Business Services will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Newtek Business Services dividend per share?
Newtek Business Services paid $0.57 per share in 2024 and $0.72 per share in 2023. The amount of dividend per share that Newtek Business Services pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Newtek Business Services a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Newtek Business Services a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Newtek Business Services a dividend stock?
Yes, Newtek Business Services is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Newtek Business Services a good dividend stock?
Whether Newtek Business Services is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Newtek Business Services has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Newtek Business Services as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Newtek Business Services pay dividends monthly?
Newtek Business Services typically pays dividends on a quarterly basis.
Does Newtek Business Services pay dividends quarterly?
Newtek Business Services currently pays dividends on a quarterly basis.
Has Newtek Business Services ever paid a dividend?
Yes, Newtek Business Services has a history of paying dividends to its shareholders. Newtek Business Services is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Newtek Business Services dividend stocks?
To buy Newtek Business Services you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Newtek Business Services stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Newtek Business Services pay dividends 2024?
Newtek Business Services pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-21. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Newtek Business Services increase its dividend in 2024?
Decisions regarding Newtek Business Services dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Newtek Business Services dividend overview you can look into the above table of dividend history.
How Newtek Business Services dividend works?
The Newtek Business Services dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Newtek Business Services's dividend process works:

1. Determination of Dividend: Newtek Business Services's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Newtek Business Services publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Newtek Business Services distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Newtek Business Services are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Newtek Business Services dividends paid?
Newtek Business Services dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Newtek Business Services sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Newtek Business Services distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Newtek Business Services declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Newtek Business Services pay dividends?
Newtek Business Services typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Newtek Business Services pay dividends?
The general pattern is that Newtek Business Services pays dividends around April, July, October, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Newtek Business Services dividend safe?
The safety of Newtek Business Services's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Newtek Business Services's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Newtek Business Services's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.