Street Calls of the Week
BOCA RATON - NewtekOne, Inc. (NASDAQ:NEWT), a financial holding company with a market capitalization of $305 million, announced Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.19 per share on the company’s outstanding common stock. The company maintains a notable dividend yield of 6.56% and has consistently paid dividends for 11 consecutive years, according to InvestingPro data.
The dividend will be payable on October 24, 2025, to shareholders of record as of October 14, 2025, according to a press release issued by the financial holding company.
NewtekOne, which describes itself as a provider of business and financial solutions, operates through its bank subsidiary, Newtek Bank, N.A., and other non-bank consolidated subsidiaries.
The company offers various services to independent business owners across all 50 states, including business lending, SBA lending solutions, electronic payment processing, banking, insurance solutions, and technology services.
The company noted in its statement that the amount and timing of dividends remain subject to the discretion of NewtekOne’s Board of Directors.
NewtekOne has been providing services to independent business owners since 1999, according to the company’s press release.
In other recent news, NewtekOne, Inc. announced the declaration of an initial dividend on its Series B preferred stock. The dividend is set at $9.44 per share on the 8.500% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, translating to $0.2361 per depositary share. Additionally, NewtekOne has eliminated its Series A Convertible Preferred Stock from its authorized shares, reclassifying them as authorized and unissued shares. The company has also established a new class of Series B preferred stock and completed a depositary share offering, with each share having a liquidation preference of $1,000.
In a related development, NewtekOne entered into an underwriting agreement for a $50 million public offering of depositary shares, with Keefe, Bruyette & Woods, Inc. and Raymond James & Associates, Inc. acting as representatives for the underwriters. Furthermore, NewtekOne expanded its credit facility with Capital One, increasing it from $60 million to $100 million to support the origination of Alternative Loan Program loans. This expansion follows a similar increase in their Deutsche Bank ALP facility earlier in the year. These developments reflect NewtekOne’s strategic financial maneuvers in recent times.
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