NEWTEK Business Services Corp(NASDAQ:NEWT) Declares Dividend of $0.3500.

NEWTEK Business Services Corp (NASDAQ:NEWT) had declared a cash dividend of $0.3500 on Jun 9, 2016. The shares will quote ex-dividend on Jun 16, 2016 and the record date has been fixed for Jun 20, 2016. On Jun 9, 2016 share price, the yield comes out to be 10.8611%. The dividend payable date has been fixed on Jun 30, 2016.

NEWTEK Business Services Corp (NEWT) shares turned negative on Wednesdays trading session with the shares closing down -0.08 points or -0.64% at a volume of 2,08,684. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.75. The peak price level was also seen at $12.75 while the days lowest was $12.48. Finally the shares closed at $12.5. The 52-week high of the shares is $19.82 while the 52-week low is $9.37. According to the latest information available, the market cap of the company is $181 M.

NEWTEK Business Services Corp(NEWT) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $6.79M. Analysts had an estimated revenue of $6.65M. Earnings per share were $0.34. Analysts had estimated an EPS of $0.34.

Several Insider Transactions has been reported to the SEC. On Mar 23, 2016, Sam Kirschner (director) purchased 1,000 shares at $11.95 per share price.Also, On Mar 14, 2016, Barry Sloane (CEO) purchased 1,000 shares at $12.94 per share price.On Mar 14, 2016, Richard J Salute (director) purchased 2,026 shares at $12.34 per share price, according to the Form-4 filing with the securities and exchange commission.

Newtek Business Services Corp. is an internally managed closed-end non-diversified management investment company. The Company is focused on developing and marketing business and financial products and services aimed at the small- and medium-sized business (SMB) market and on developing a recognized brand for independent business owners. The Company’s brand The Small Business Authority is a national lender and owns and controls certain controlled portfolio companies that provide business and financial products to the SMB market.

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