{"id":441886,"date":"2021-02-23T08:33:23","date_gmt":"2021-02-23T13:33:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=441886"},"modified":"2021-02-23T08:33:23","modified_gmt":"2021-02-23T13:33:23","slug":"newtek-business-services-corp-declares-first-quarter-2021-dividend-of-0-50-per-share","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/newtek-business-services-corp-declares-first-quarter-2021-dividend-of-0-50-per-share\/","title":{"rendered":"Newtek Business Services Corp. Declares First Quarter 2021 Dividend of $0.50 per Share"},"content":{"rendered":"
\n

BOCA RATON, Fla., Feb. 23, 2021 (GLOBE NEWSWIRE) — Newtek Business Services Corp<\/a>., (NASDAQ: NEWT), an internally managed business development company (\u201cBDC\u201d), today announced that its Board of Directors declared a first quarter 2021 cash dividend of $0.501<\/sup> per share. The first quarter 2021 dividend is payable on March 31, 2021 to shareholders of record as of March 22, 2021. The payment of the first quarter 2021 dividend would represent a 13.6% increase over the first quarter 2020 dividend of $0.44 per share, and a 25% increase over the first quarter 2019 dividend of $0.40 per share.<\/p>\n

Note regarding Dividend Payments: The Company’s Board of Directors expects to maintain a dividend policy with the objective of making quarterly distributions in an amount that approximates 90 – 100% of the Company’s annual taxable income. The determination of the tax attributes of the Company’s distributions is made annually as of the end of the Company’s fiscal year based upon its taxable income for the full year and distributions paid for the full year.<\/p>\n

\n 1<\/sup>Amount and timing of dividends, if any, remain subject to the discretion of the Company\u2019s Board of Directors. Newtek Business Services Corp.<\/a>, Your Business Solutions Company\u00ae<\/sup>,<\/em> is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business and financial solutions under the Newtek\u00ae<\/sup> brand to the small- and medium-sized business (\u201cSMB\u201d) market.\u00a0Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses and reduce their risk.<\/p>\n

Newtek\u2019s and its portfolio companies\u2019 products and services include: Business Lending, SBA Lending Solutions<\/a>, Electronic Payment Processing<\/a>, Technology Solutions (Cloud Computing, <\/u>Data Backup, Storage and Retrieval<\/u>, IT Consulting)<\/u><\/a>, eCommerce<\/a>, Accounts Receivable Financing & Inventory Financing<\/a>, Insurance Solutions<\/a>, Web Services<\/a>, and Payroll and Benefits Solutions<\/a>.<\/p>\n

\n Newtek<\/a>
\n
\n \u00ae<\/sup>
\n <\/a> and Your Business Solutions Company\u00ae<\/sup>, are registered trademarks of Newtek Business Services Corp.<\/p>\n

\n
\n Note Regarding Forward-Looking Statements<\/em>
\n <\/strong>\n <\/p>\n

\n This press release contains certain forward-looking statements. Words such as \u201cbelieves,\u201d \u201cintends,\u201d \u201cexpects,\u201d \u201cprojects,\u201d \u201canticipates,\u201d \u201cforecasts,\u201d \u201cgoal\u201d and \u201cfuture\u201d or similar expressions are intended to identify forward-looking statements. <\/em>
\n All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, intensified competition, operating problems and their impact on revenues and profit margins, anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. Risk factors, cautionary statements and other conditions, which could cause Newtek\u2019s actual results to differ from management\u2019s current expectations, are contained in Newtek\u2019s filings with the Securities and Exchange Commission and available through <\/em>
\n
\n http:\/\/www.sec.gov\/<\/em>
\n <\/a>
\n .<\/em>\u00a0Newtek cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements.<\/em><\/p>\n

SOURCE: Newtek Business Services Corp.<\/p>\n

\n
\n Investor Relations & Public Relations<\/u>
\n <\/strong>
\n
Contact: Jayne Cavuoto
Telephone: (212) 273-8179 \/ jcavuoto@newtekone.com<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

BOCA RATON, Fla., Feb. 23, 2021 (GLOBE NEWSWIRE) — Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (\u201cBDC\u201d), today announced that its Board of Directors declared a first quarter 2021 cash dividend of $0.501 per share. The first quarter 2021 dividend is payable on March 31, 2021 to shareholders of record as of March 22, 2021. The payment of the first quarter 2021 dividend would represent a 13.6% increase over the first quarter 2020 dividend of $0.44 per share, and a 25% increase over the first quarter 2019 dividend of $0.40 per share. Note regarding Dividend Payments: The Company’s Board of Directors expects to maintain a dividend policy with the objective of making quarterly distributions in … <\/p>\n

Continue reading “Newtek Business Services Corp. Declares First Quarter 2021 Dividend of $0.50 per Share”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-441886","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNewtek Business Services Corp. 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