NewtekOne, Inc. (NEWT) To Go Ex-Dividend on June 24th

NewtekOne, Inc. (NASDAQ:NEWT) announced a quarterly dividend on Friday, June 12th. Investors of record on Wednesday, June 24th will be paid a dividend of 0.19 per share by the business services provider on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, June 24th.

NewtekOne has decreased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. NewtekOne has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NewtekOne to earn $2.59 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 29.3%.

NewtekOne Price Performance

NEWT opened at $13.91 on Monday. NewtekOne has a one year low of $9.59 and a one year high of $14.91. The company has a debt-to-equity ratio of 6.76, a current ratio of 0.64 and a quick ratio of 0.64. The company’s 50 day simple moving average is $13.22 and its 200-day simple moving average is $12.66. The stock has a market capitalization of $401.44 million, a P/E ratio of 6.13 and a beta of 1.29.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. NewtekOne had a net margin of 16.15% and a return on equity of 19.00%. The firm had revenue of $88.18 million during the quarter, compared to analysts’ expectations of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. Sell-side analysts anticipate that NewtekOne will post 2.38 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.