Nelnet, Inc. (NYSE:NNI) Raises Dividend to $0.20 Per Share

Nelnet, Inc. (NYSE:NNI) announced a quarterly dividend on Thursday, November 7th, Zacks reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.20 per share by the credit services provider on Friday, December 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from Nelnet’s previous quarterly dividend of $0.18.

Shares of NNI stock opened at $61.79 on Monday. The stock has a market cap of $2.44 billion, a P/E ratio of 11.59 and a beta of 0.36. The company has a debt-to-equity ratio of 8.88, a current ratio of 64.22 and a quick ratio of 64.22. The company has a fifty day moving average price of $61.43 and a two-hundred day moving average price of $62.17. Nelnet has a one year low of $47.59 and a one year high of $69.97.

Nelnet (NYSE:NNI) last announced its quarterly earnings results on Thursday, November 7th. The credit services provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.12). The firm had revenue of $285.57 million during the quarter, compared to analyst estimates of $270.35 million. Nelnet had a net margin of 6.89% and a return on equity of 9.17%. During the same quarter in the prior year, the business earned $1.14 EPS.

Separately, ValuEngine cut shares of Nelnet from a “hold” rating to a “sell” rating in a research note on Friday, September 20th.

In other news, insider William J. Munn sold 1,500 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $61.72, for a total value of $92,580.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 44.97% of the stock is owned by corporate insiders.

About Nelnet

Nelnet, Inc provides education related products and services, and loan asset management services worldwide. The company's Loan Servicing and Systems is involved in loan servicing activities, such as loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing activities for student loan portfolio and third-party clients.

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Dividend History for Nelnet (NYSE:NNI)

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