BOCA RATON, Fla. - NewtekOne, Inc. (NASDAQ: NEWT), a financial holding company, announced Monday that its Board of Directors has approved an increase in its quarterly cash dividend. Shareholders will receive a dividend of $0.19 per share, up from the previous quarter's dividend of $0.18. This 5.5% increase will be distributed on April 15, 2024, to shareholders on record as of April 1, 2024.
The company, which offers a broad range of business and financial solutions to the small- and medium-sized business market, has been operational since 1999. NewtekOne's services include banking through Newtek Bank, N.A., business lending, electronic payment processing, technology solutions such as cloud computing and IT consulting, eCommerce, and insurance solutions, among others.
NewtekOne's decision to raise its dividend reflects a continuation of its commitment to providing value to its shareholders. However, it's important to note that the amount and timing of future dividends are subject to the discretion of the Board of Directors.
Investors should also be aware that statements regarding future dividends are considered forward-looking and are based on management's current expectations. These statements are not guaranteed and are subject to change due to various factors.
This news is based on a press release statement and does not constitute an endorsement of NewtekOne's market position or future prospects. The company has made no claims in this release regarding its status as the "first," "leading," or "best" in its market.
For further information, NewtekOne's filings with the Securities and Exchange Commission can provide additional details about the company's financial strategies and risk factors. These filings are available on NewtekOne's investor relations website as well as the SEC's official website.
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