Street Calls of the Week
BOCA RATON - NewtekOne, Inc. (NASDAQ:NEWT) announced Monday it has declared a dividend of $9.44 per share on its 8.500% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. This translates to $0.2361 per depositary share, which represents 1/40th of the dividend on the preferred shares. The company maintains a notable 6.41% dividend yield on its common shares and has consistently paid dividends for 11 consecutive years, according to InvestingPro data.
The dividend will be payable on October 1, 2025, to holders of record as of today, September 29, 2025. The company noted this is an initial dividend payment that has been pro-rated for the period since the preferred shares were issued on August 20, 2025.
NewtekOne operates as a financial holding company that provides business and financial solutions to independent business owners across the United States. Through its bank subsidiary, Newtek Bank, N.A., and other non-bank subsidiaries, the company offers services including business lending, SBA lending solutions, electronic payment processing, and insurance solutions.
The information was disclosed in a press release issued by the company.
In other recent news, NewtekOne, Inc. reported its second-quarter 2025 financial results, showing earnings per share in line with expectations at $0.52. However, the company’s revenue of $70.2 million fell short of the anticipated $73.88 million. In a strategic move, NewtekOne has eliminated its Series A Convertible Preferred Stock from its authorized shares, effectively reclassifying them as unissued shares without designation. Additionally, the company has established a new class of preferred stock, the "8.500% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B," and completed a depositary share offering. This offering involves 2,000,000 depositary shares, collectively valued at $50 million, with underwriters having the option to purchase additional shares. Furthermore, NewtekOne has expanded its credit facility with Capital One, N.A., from $60 million to $100 million, aimed at funding Alternative Loan Program loans. This expansion follows a similar increase in the company’s Deutsche Bank ALP facility earlier this year.
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