NewtekOne's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
NewtekOne (NASDAQ:NEWT) has announced a quarterly dividend of 18 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 18 cents lower to reflect the payout. Shareholders who own NEWT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 20, 2023.
October 03, 2023 | 2:45 pm
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NewtekOne's announcement of a quarterly dividend of 18 cents per share will likely cause the stock to open lower on the ex-dividend date, Friday. The dividend will be paid out on October 20, 2023.
Dividends are typically factored into a company's stock price. When a company announces a dividend, the stock price usually decreases by approximately the amount of the dividend on the ex-dividend date. In this case, NewtekOne's stock is expected to open 18 cents lower on the ex-dividend date, reflecting the 18 cents per share dividend. This could potentially lead to short-term selling pressure.
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