Newtek Business Services Corp. (NEWT) Dividends
Dividend Yield and Dividend History Highlights
- The stock's free cash flow/dividend ratio, potentially useful for understanding its ability to make dividend payments, comes in at -0.53 -- higher than 80.91% of other dividend issuers in the US.
- If you're seeking price stability while collecting dividends, note that NEWT has less volatility in its price than 6.26% of US stocks in our dividend set.
- Free cash flow for NEWT has a compound average growth rate of 24.88%, which is higher than 81.4% of stocks in our dividend set.
- If you want to include this stock in your dividend portfolio, here are some dividend stocks that are NOT correlated with NEWT that may be suitable potential portfolio mates: DHC, CTIB, UL, CLWT and INTZ.
NEWT Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $12.70 | $200.31 | 645.76% |
A technique commonly used by dividend investors to value dividend-issuing stocks is the Dividend Discount Model (DDM), which seeks to determine a fair share price based on the dividend provided by the company relative to a number of other company-specific factors. In the case of NEWT, the DDM model generated by StockNews estimates a return of positive 645.76% in comparison to its current price. Digging deeper, the aspects of Newtek Business Services Corp's dividend discount model that we found most interesting were:
- Compared to other US stocks that pay a dividend, NEWT offers a dividend yield in the top 1.91% of stocks in our set.
- In comparison to other US listed dividend yielding stocks in the Financial Services sector, the expected return of 645.76%, based on the stock's current share price and target price based on a dividend discount model, is greater than 92.41% of the DDM-forecasted return of its its sector peers.
- Compared to all dividend issuing stocks in our set, Newtek Business Services Corp bears a discount rate, according to our calculations, lower than 92.41% of them (lower discount rates are generally perceived as positive, and a sign of lower risk).
- A stock's beta generally indicates its volatility relative to the broader equity market; as for NEWT, approximately 77.86% of US-listed dividend issuers had a higher beta, and thus may have greater price volatility.
NEWT Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-10-10 | Dividend | $0.19 | -- |
| 2024-07-09 | Dividend | $0.19 | -- |
| 2024-03-28 | Dividend | $0.19 | +5.56% |
| 2023-12-28 | Dividend | $0.18 | -- |
| 2023-10-06 | Dividend | $0.18 | -- |
| 2023-07-07 | Dividend | $0.18 | -- |
| 2023-04-03 | Dividend | $0.18 | -74.29% |
| 2022-12-19 | Dividend | $0.70 | +7.69% |
| 2022-09-19 | Dividend | $0.65 | -13.33% |
| 2022-06-16 | Dividend | $0.75 | +15.38% |
| 2022-03-18 | Dividend | $0.65 | -38.10% |
| 2021-12-17 | Dividend | $1.05 | +16.67% |
| 2021-09-17 | Dividend | $0.90 | +28.57% |
| 2021-06-14 | Dividend | $0.70 | +40.00% |
| 2021-03-19 | Dividend | $0.50 | +6.38% |
| 2020-12-17 | Dividend | $0.47 | -18.97% |
| 2020-09-18 | Dividend | $0.58 | +3.57% |
| 2020-07-14 | Dividend | $0.56 | +27.27% |
| 2020-03-17 | Dividend | $0.44 | -38.03% |
| 2019-12-13 | Dividend | $0.71 | +22.41% |
| 2019-09-19 | Dividend | $0.58 | +26.09% |
| 2019-06-13 | Dividend | $0.46 | +15.00% |
| 2019-03-14 | Dividend | $0.40 | -20.00% |
| 2018-12-17 | Dividend | $0.50 | +4.17% |
| 2018-09-14 | Dividend | $0.48 | +14.29% |
| 2018-06-14 | Dividend | $0.42 | +5.00% |
| 2018-03-19 | Dividend | $0.40 | -9.09% |
| 2017-12-15 | Dividend | $0.44 | -- |
| 2017-09-21 | Dividend | $0.44 | +10.00% |
| 2017-05-26 | Dividend | $0.40 | +11.11% |
| 2017-03-16 | Dividend | $0.36 | -10.00% |
| 2016-12-13 | Dividend | $0.40 | -6.98% |
| 2016-09-16 | Dividend | $0.43 | +22.86% |
| 2016-06-16 | Dividend | $0.35 | -- |
| 2016-03-18 | Dividend | $0.35 | -12.50% |
| 2016-01-05 | Dividend | $0.40 | -20.00% |
| 2015-10-20 | Dividend | $0.50 | +6.38% |
| 2015-06-25 | Dividend | $0.47 | +20.51% |
| 2015-03-26 | Dividend | $0.39 | +1,850.00% |
| 2014-10-23 | Split | 1-5-for-1 Stock Split | N/A |
| 2009-11-23 | Dividend | $0.02 | -- |
NEWT Dividends vs. Peers
NEWT's dividend yield currently ranks #2 of 77 vs. its peers in the Outsourcing - Business Services category.
Looking for More Information on NEWT dividends?
Here are a few links from around the web to help you further your research on Newtek Business Services Corp and its dividends:Newtek Business Services Corp Common Stock (NEWT) Dividend History | Nasdaq
Dividend History for Newtek Business Services Corp (NEWT) - Dividend Investor
Newtek Business Services Corp (NEWT) Dividend History - Seeking Alpha