We've been covering a number of business development companies in recent articles. This stock yields 8.87% at its mid-range 2021 dividend guidance. Mgt. upped the 2021 dividend forecast to grow 54% vs. 2020, to $3.00-$3.15. This article covers Valuations, Profitability & Performance vs. BDC avgs. and Earnings Growth.
This article covers a long-time holding of ours, Newtek Business Services Corp. (NEWT). We began covering NEWT on Seeking Alpha back in 2015, and have owned it ever since, holding it for its attractive income. While 2015 had a big $4.05 payout, due to a special distribution of $2.69, 2016 came back down to earth, with a $1.93 payout. 2017 had -15% growth, as did 2020, at -4.65%. However, NEWT's regular dividend growth averaged ~10% for 2016-2020. Management increased its 2021 dividend forecast to a range of $3.00 - $3.30 on its Q1 '21 release. The midpoint of the 2021 annual dividend forecast range would represent a 53.7% increase over the 2020 annual dividend.
Source: Seeking Alpha
Related Articles:
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Dividend Growth Stocks News
~
Popular Posts Last 30 Days
-
If you're worried about inflation rearing its ugly head next year, you should probably worry about more likely catastrophes, such as bei...
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
The stock market has been on an upward path of late, with some of the most prominent stocks hitting astronomical highs. The dividend yield o...
-
Dividend growth stocks can be incredibly attractive investments if you crave recurring income. As these types of stocks raise their dividend...
-
The most dependable dividend stocks typically have a long track record of sustaining payouts through different market cycles. Companies with...
-
Dividends can be a tremendously powerful part of your investing strategy. Not only can they give you a continuing source of cash to reinvest...
-
In my opinion, there are three criteria investors should consider when evaluating a particular stock for their portfolio. The first is histo...
-
Dividend Aristocrats and Kings tend to snag most income investors’ eyes with their consistent dividend payouts, proven-and-tested business o...
-
As the broader stock rally broadens to some of the more “boring” corners of the market, it’s the higher-yielding dividend plays that could s...
-
Double your money in a short time. Few investors would walk away from such an opportunity. Of course, there's no guarantee that any inve...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.