Newtek Business Services Raises Quarterly Dividend to $0.50
BY MT Newswires
— 10:23 AM ET 10/29/2018
10:23 AM EDT, 10/29/2018 (MT Newswires) -- Newtek Business Services ( NEWT) said Monday that the board has authorized a quarterly dividend of $0.50 per share, up from last quarter's distribution of $0.48 per share.
The dividend is payable on Dec. 28 to shareholders of record as of Dec. 18.
The company said that the payment of the dividend is in line with its 2018 annual dividend guidance of $1.80 per share, which represents an approximate 9.8% increase over the annual cash dividend of $1.64 per share last year.
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