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Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses and reduce their risk. Newtek Business Services Corp., Your Business Solutions Company ®, is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business and financial solutions under the Newtek ® brand to the small- and medium-sized business (“SMB”) market.
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The determination of the tax attributes of the Company's distributions is made annually as of the end of the Company's fiscal year based upon its taxable income for the full year and distributions paid for the full year.ġAmount and timing of dividends, if any, remain subject to the discretion of the Company’s Board of Directors. Note regarding Dividend Payments: The Company's Board of Directors expects to maintain a dividend policy with the objective of making quarterly distributions in an amount that approximates 90 - 100% of the Company's annual taxable income. With the payment of the fourth quarter 2020 dividend, the Company will have paid $2.05 per share in 2020. The fourth quarter 2020 dividend is payable on Decemto shareholders of record as of December 18, 2020. 11, 2020 (GLOBE NEWSWIRE) - Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that its Board of Directors declared a fourth quarter 2020 cash dividend of $0.47 1 per share.