2.28.2023

More than a little hiccup

Finally, NewtekOne, Inc. Common Stock (NEWT) declares its quarterly dividend. The rumor was grossly understated according to the email I received from Seeking Alpha. The headline was "NEWT: Newtek One Declares Quarterly Dividend of $.018".

The rumor was that they would cut their annual dividend from $2.80 to $0.64 per share. Instead, according to Seeking Alpha, they dropped it to $0.072 which would be a drop that my forecast would not be able to recover from.

Thankfully it was just a typo, the quarterly dividend fell to $0.18 which was better than rumored. Now I can only hope that the stock price reaches our set price so that we can sell off our entire holding, sooner rather than later.


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