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NetworkNewsBreaks – Newtek Business Services Corp. (NASDAQ: NEWT) at a Glance

Company: Newtek Business Services Corp. (NEWT)
Category: Stock Spotlights

Newtek Business Services (NASDAQ: NEWT), Your Business Solutions Company®, is an internally managed Business Development Company which, along with its controlled portfolio companies, provides a wide range of business services and financial products under the Newtek® brand to the small- and medium-sized business (“SMB”) market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to over 100,000 SMB accounts across all 50 states to help them grow their sales, control their expenses and reduce their risk. Newtek and its portfolio companies’ products and services include: business lending, SBA lending solutions, electronic payment processing, technology solutions (cloud computing, data backup, storage and retrieval), ecommerce, accounts receivable financing & inventory financing, The Secure Gateway, The Newtek Advantage™, insurance solutions, web services, and payroll and benefits solutions.

On December 30, 2016, Newtek paid its fourth quarter 2016 cash dividend of $0.40 per share (1). With the payment of the fourth-quarter dividend the company met its 2016 annual dividend guidance of $1.53 per share. As of December 30, 2016, Newtek will have paid a total of five dividends in calendar year 2016 totaling $1.93 per share, which includes the fourth quarter 2015 dividend of $0.40 per share that was paid in January 2016. In addition, the company forecasts paying an annual cash dividend of $1.57 per share in 2017 (2), which is a 2.6% increase over its annual dividend in 2016. For 2016, Newtek generated a total one-year return of approximately 27.7% (3).

To learn more visit www.newtekone.com

  1. The dividend was paid in cash or shares of the Company’s Common Stock through participation in the Company’s dividend reinvestment program (“DRIP”), at the election of shareholders.
  2. Amount and timing of dividends, if any, remain subject to the discretion of the Company’s Board of Directors.
  3. As per Bloomberg, with the assumption the dividends are invested back into NEWT and as of December 31, 2016.

About Newtek Business Services Corp.

Newtek Business Services Corp., Your Business Solutions Company®, is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business services and financial products under the Newtek® brand to the small- and medium-sized business (“SMB”) market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to over 100,000 SMB accounts across all 50 states to help them grow their sales, control their expenses and reduce their risk.

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NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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