NewtekOne(US:NEWT)2021-05-12 10:06Financial Performance & Dividends - Newtek's stock had a year-to-date total return of 43.4% as of May 5, 2021, outperforming the S&P 500 (12.0%) and Russell 2000 (12.8%) indices[4] - The company forecasts a record annual dividend for 2021, ranging from $3.00 to $3.30 per share[6,8] - The midpoint of the 2021 annual dividend forecast ($3.15 per share) represents an approximate 53.7% increase over the 2020 annual dividend[9,11] - The second quarter 2021 dividend of $0.70 per share represents a 25% increase over the second quarter 2020 dividend of $0.56 per share[11] - Net investment income for the three months ended March 31, 2021, was $15.2 million, or $0.68 per share, an increase of $0.69 per share compared to a net investment loss of $(0.3) million, or $(0.01) per share, for the three months ended March 31, 2020[14] - Adjusted net investment income (ANII) for the three months ended March 31, 2021, was $23.5 million, or $1.05 per share, a 400.0% increase on a per share basis compared to ANII of $4.3 million, or $0.21 per share, for the three months ended March 31, 2020[14] Lending Activities - Newtek Small Business Finance (NSBF) forecasts full year 2021 SBA 7(a) loan fundings of approximately $580 million to $600 million[9,25] - Newtek Business Lending (NBL) forecasts approximately $125 million in SBA 504 fundings and/or closings for the full year 2021[8,31,63] - NSBF forecasts it will ultimately fund in excess of $600 million of PPP loans, approximately 14,000 loan units, in 2021[10,20] - NSBF funded $424.9 million of PPP loans totaling 6,255 PPP loan units for the three months ended March 31, 2021[14,22]