Newtek Business Services (NEWT) Declares $0.35 Quarterly Dividend; 11% Yield
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Newtek Declares Second Quarter Dividend of $0.35 Per Share
June 9, 2016 2:09 PM EDTNEW YORK, June 09, 2016 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (Newtek or the Company), (NASDAQ: NEWT), an internally managed business development company ("BDC"), today announced that its board of directors declared a second quarter cash dividend(1) of approximately $5.1 million, or $0.35 per share, payable on June 30, 2016 to shareholders of record as of June 20, 2016. In addition, the Company is reconfirming its full year 2016 dividend forecast of $22.0 million, or $1.52 per share. Â
The Companys board of directors expects to maintain a dividend policy with the objective of distributing approximately 90% to 98% of the Companys annual... More
