NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,348 shares, a drop of 41.3% from the June 15th total of 3,999 shares. Based on an average daily trading volume, of 957 shares, the short-interest ratio is currently 2.5 days.
NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Stock Down 0.2%
Shares of NEWTI stock traded down $0.05 during mid-day trading on Thursday, reaching $25.45. The stock had a trading volume of 1,656 shares, compared to its average volume of 2,668. The business’s fifty day moving average is $25.33 and its 200-day moving average is $25.29. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a 1-year low of $24.70 and a 1-year high of $25.70.
NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 29th were given a dividend of $0.50 per share. The ex-dividend date was Friday, May 29th. This represents a $2.00 dividend on an annualized basis and a yield of 7.9%.
About NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028
The NewtekOne, Inc 8.00% Fixed Rate Senior Notes due 2028 are senior unsecured debt obligations issued by NewtekOne, Inc (NASDAQ:NEWTI). The notes bear a fixed annual interest rate of 8.00%, payable semi-annually, and mature in 2028. As senior unsecured obligations, they rank pari passu with all other existing and future senior unsecured indebtedness of NewtekOne, Inc and rank ahead of any subordinated debt in the company’s capital structure.
NewtekOne, Inc is the holding company for Newtek, a publicly traded business development company that provides a diversified suite of financial and business services to small and medium-sized enterprises across the United States.
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