NewtekOne, Inc. announced a quarterly cash dividend of $0.19 per share, payable January 13, 2025.
Quiver AI Summary
NewtekOne, Inc. has announced a quarterly cash dividend of $0.19 per share for its common stock, which will be payable on January 13, 2025, to shareholders of record as of December 31, 2024. The timing and amount of future dividends are subject to the Board of Directors' discretion. NewtekOne is a financial holding company that provides a variety of business and financial solutions, including banking services, lending solutions, electronic payment processing, technology services, and insurance products, aimed at supporting independent business owners across the United States. The company has been in operation since 1999 and operates under the Newtek brand. The press release also contains forward-looking statements that reflect management's beliefs and expectations, which could be influenced by various risks and uncertainties.
Potential Positives
- NewtekOne announced a quarterly cash dividend of $0.19 per share, indicating a commitment to returning value to shareholders.
- The dividend payment demonstrates the company's financial stability and ability to generate profits, which may enhance investor confidence.
- The scheduled payment date of January 13, 2025, and record date of December 31, 2024, provides clarity and transparency to shareholders regarding dividend distribution.
Potential Negatives
- The declaration of a quarterly cash dividend may indicate a lack of growth opportunities, as companies sometimes opt for dividends when they have fewer reinvestment opportunities.
- The note regarding the discretion of the Board of Directors on the timing and amount of dividends suggests uncertainty about future payments, which could concern investors.
- The mention of forward-looking statements and associated risks may raise concerns about the company's future performance and stability, implying potential volatility.
FAQ
What is the new quarterly dividend for NewtekOne, Inc.?
The Board of Directors declared a quarterly cash dividend of $0.19 per share.
When will the dividend be paid to shareholders?
The dividend is payable on January 13, 2025, to shareholders of record as of December 31, 2024.
What type of company is NewtekOne, Inc.?
NewtekOne is a financial holding company offering a range of business and financial solutions to independent business owners.
What services does NewtekOne provide?
NewtekOne offers banking, business lending, eCommerce, technology solutions, insurance, and payroll services among others.
What are forward-looking statements?
Forward-looking statements are predictions based on management's beliefs and are subject to risks and uncertainties.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NEWT Insider Trading Activity
$NEWT insiders have traded $NEWT stock on the open market 27 times in the past 6 months. Of those trades, 24 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $NEWT stock by insiders over the last 6 months:
- BARRY SLOANE (Chairman & CEO) has traded it 16 times. They made 16 purchases, buying 59,783 shares and 0 sales.
- GREGORY L ZINK has traded it 3 times. They made 3 purchases, buying 3,000 shares and 0 sales.
- SALVATORE FRANCIS MULIA has traded it 4 times. They made 1 purchase, buying 500 shares and 3 sales, selling 2,250 shares.
- RICHARD J SALUTE has traded it 2 times. They made 2 purchases, buying 1,200 shares and 0 sales.
- MICHAEL SCOTT PRICE (Chief Financial Officer) has traded it 2 times. They made 2 purchases, buying 2,000 shares and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NEWT Hedge Fund Activity
We have seen 60 institutional investors add shares of $NEWT stock to their portfolio, and 58 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ROYCE & ASSOCIATES LP removed 548,506 shares (-42.2%) from their portfolio in Q3 2024
- FRANKLIN RESOURCES INC removed 250,067 shares (-100.0%) from their portfolio in Q3 2024
- BLACKROCK, INC. added 215,653 shares (+11.8%) to their portfolio in Q3 2024
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 192,073 shares (-100.0%) from their portfolio in Q3 2024
- JACOBS ASSET MANAGEMENT, LLC removed 176,203 shares (-100.0%) from their portfolio in Q3 2024
- RUSSELL INVESTMENTS GROUP, LTD. removed 162,173 shares (-79.4%) from their portfolio in Q3 2024
- CITADEL ADVISORS LLC removed 153,543 shares (-91.9%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BOCA RATON, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) --
NewtekOne, Inc.
(“the Company”) (NASDAQ: NEWT) announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share on the outstanding common stock of NewtekOne. The dividend is payable on January 13, 2025, to shareholders of record as of December 31, 2024.
Note Regarding Dividend Payments
Amount and timing of dividends, if any, remain subject to the discretion of the Company's Board of Directors.
About NewtekOne, Inc.
NewtekOne
®
, Your Business Solutions Company
®
,
is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek
®
brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk.
NewtekOne’s and its subsidiaries’ business and financial solutions include: banking (Newtek Bank, N.A.),
Business Lending, SBA Lending Solutions
,
Electronic Payment Processing
,
Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting)
,
eCommerce
,
Accounts Receivable Financing & Inventory Financing
,
Insurance Solutions
,
Web Services
, and
Payroll and Benefits Solutions
.
Newtek
®
,
NewtekOne
®
,
Newtek Bank
®
, National Association, Your Business Solutions Company
®
, One Solution for All Your Business Needs
®
and Newtek Advantage are registered trademarks of NewtekOne, Inc.
Note Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995 are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with
the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
SOURCE: NewtekOne, Inc.
Investor Relations & Public Relations
Contact: Jayne Cavuoto
Telephone: (212) 273-8179 /
jcavuoto@newtekone.com
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
