NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,348 shares, a drop of 41.3% from the June 15th total of 3,999 shares. Based on an average daily volume of 957 shares, the days-to-cover ratio is currently 2.5 days.
NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Stock Performance
NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 stock traded down $0.06 during trading on Friday, reaching $25.40. 3,733 shares of the company were exchanged, compared to its average volume of 2,693. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a 52-week low of $24.70 and a 52-week high of $25.70. The stock’s 50 day simple moving average is $25.33 and its two-hundred day simple moving average is $25.29.
NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 29th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.9%.
About NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028
The NewtekOne, Inc 8.00% Fixed Rate Senior Notes due 2028 are senior unsecured debt obligations issued by NewtekOne, Inc (NASDAQ:NEWTI). The notes bear a fixed annual interest rate of 8.00%, payable semi-annually, and mature in 2028. As senior unsecured obligations, they rank pari passu with all other existing and future senior unsecured indebtedness of NewtekOne, Inc and rank ahead of any subordinated debt in the company’s capital structure.
NewtekOne, Inc is the holding company for Newtek, a publicly traded business development company that provides a diversified suite of financial and business services to small and medium-sized enterprises across the United States.
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