first_img Get the full details on this £5 stock now – while your report is free. Royston Wild | Thursday, 21st January, 2021 | More on: ARW Our 6 ‘Best Buys Now’ Shares Image source: Getty Images See all posts by Royston Wild This is why the Arrow Global share price is skyrocketing! FREE REPORT: Why this £5 stock could be set to surge Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment.center_img Enter Your Email Address Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. The Arrow Global Group (LSE: ARW) share price has exploded following the release of pre-close financials. The credit manager was last 12% higher in Thursday trading at 208p per share. This is the UK share’s most expensive level since March 2020.Arrow Global didn’t just confirm that trading has remained very strong in recent months. It suggested it could begin doling out dividends sooner than it had been expecting too.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Arrow’s trading continues to impressToday, Arrow Global said it had reported “an encouraging final quarter of 2020 with improved prospects for 2021 trading.” It also said it expects to have traded beyond expectations in the October-December period, building on the return to profitability it had enjoyed in quarter three.Putting meat on the bone, Arrow said it had “continued to see strong balance sheet cash collections performance and profitability” in the October to December quarter. It said fourth-quarter collections came in at 111% of its half-year estimated remaining collections estimates.Third-party Asset Management and Servicing revenues had also remained “resilient”, it said. This was helped by a record 26 new contract wins the UK share racked up in 2020, it noted.On top of this, the credit giant exceeded its fourth quarter target deployment of the €1.7bn Arrow Credit Opportunities 1 fund. The investment vehicles which make up the fund had invested (prior to recycled capital) approximately 28% of their committed capital. The fund is designed to let the business invest in credit opportunities all over Europe.Dividends to return in 2021Arrow Global chief executive Lee Rochford went on to say that “continued strong trading in the first weeks of 2021 means that we are increasingly confident of reducing leverage significantly by the end of the year.”As a result, Arrow said it should start paying dividends again earlier than expected at the end of 2021.The business scrapped its final dividend for 2020 back in April as the Covid-19 crisis developed. It said that the “prudent” decision was made to protect it against any possible pandemic-related disruption. Arrow decided not to pay an interim dividend back in August either as reduced collections would push leverage higher. Then, it warned it would focus capital allocation “on deleveraging and capturing the opportunity arising from post-crisis investments.”Arrow today predicted leverage of 5.1 times at the end of 2020. This is “considerable better” than it had been expecting when the business renegotiated its revolving credit facility back in August, it said.The UK share added that leverage will peak around the middle of 2021 “as the negative impact of H1 2020 Covid-19 lockdowns on collections remain in the Group’s trailing twelve month secured net debt to adjusted EBITDA leverage calculation.”However, it also said leverage should drop to approximately 4 times by the end of the year. This reading would be “significantly better than the covenant requirement,” it noted. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. 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