Newtek Business Services Corp.’s (NASDAQ:NEWT) dividend will be increasing to US$0.90 on 30th of September. This will take the annual payment from 7.2% to 9.1% of the stock price, which is above what most companies in the industry pay.
Newtek Business Services Doesn’t Earn Enough To Cover Its Payments
Impressive dividend yields are good, but this doesn’t matter much if the payments can’t be sustained. Prior to this announcement, Newtek Business Services’ dividend was making up a very large proportion of earnings and perhaps more concerning was that it was