Newtek Business Services Corp Dividends
The next dividend date for Newtek Business Services Corp has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Newtek Business Services Corp (NEWT)
More About Newtek Business Services Corp
NewtekOne, Inc. operates as the bank holding company for Newtek Bank, National Association that provides various business and financial solutions under the Newtek and NewtekOne brands to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including the United States small business administration loans, commercial and industrial loans, and commercial real estate loans. It is also involved in the provision of electronic payment processing services comprising credit and debit card processing services, check approval services, processing equipment, and software, as well as cloud-based point of sale systems for a various restaurant, retail, assisted living, taxi cabs, parks, and golf course businesses. In addition, it offers wholesale brokerage insurance agency services; and payroll management, and related payment and tax reporting services to independent business owners, as well as inbound and outbound calling services. The company was formerly known as Newtek Business Services Corp. and changed its name to NewtekOne, Inc. in January 2023. NewtekOne, Inc. was founded in 1998 and is headquartered in Boca Raton, Florida.
Owning Newtek Business Services Corp Stock on the Dividend Date
If you own Newtek Business Services Corp stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Newtek Business Services Corp stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Newtek Business Services Corp stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Newtek Business Services Corp stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Newtek Business Services Corp dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Newtek Business Services Corp Dividends
You can contact us any time if you would like to ask questions about Newtek Business Services Corp dividends or anything else related to the stock market.