Today, The Bowser Report issued a daily mover alert on
Newtek Business Services (NEWT), which gained 10% or more today.
Today is NEWT’s ex-dividend day, or the last day for
shareholders to buy/sell shares and be considered/not considered for the
upcoming dividend. On a stock’s ex-dividend date, the share price is negatively
adjusted by the amount of the dividend, usually going unnoticed.
Larger dividends are noticed, as is the case with NEWT’s
special dividend of $2.69 per share. Friday’s $17.22 close was adjusted for the
dividend, equalling a close of $14.53. Therefore, rather than dropping $2.91
(16.9%), NEWT slid just $0.22 (1.51%). Yahoo! Finance and others may not have
accounted for the dividend, but your brokerage (TD Ameritade for example)
should have.
MORE ON THE DIVIDEND: On Oct. 1, NEWT announced a special
dividend of $34 million total (at the time $3.29 per share based on 10.3
million shares) payable on December 31, 2015. With the recent 2.3 million share
offering, there are now 12.6 million shares outstanding (for a dividend of
$2.69 per share). Only 27% of the dividend will be paid in cash, the rest will
be awarded in shares.
To learn more about The Bowser Report, visit
https://thebowserreport.com
About QualityStocks
QualityStocks
is committed to connecting subscribers with companies that have huge potential
to succeed in the short and long-term future. We offer several ways for
investors to find, evaluate, and learn more about investing in these companies.
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment