Nelnet, Inc. (NYSE:NNI) Announces $0.33 Quarterly Dividend

Nelnet, Inc. (NYSE:NNI) announced a quarterly dividend on Thursday, January 29th. Shareholders of record on Friday, February 27th will be given a dividend of 0.33 per share by the credit services provider on Friday, March 13th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, February 27th.

Nelnet has increased its dividend by an average of 0.1%annually over the last three years. Nelnet has a dividend payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nelnet to earn $5.90 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 22.4%.

Nelnet Stock Down 0.3%

Nelnet stock traded down $0.35 during mid-day trading on Friday, reaching $130.44. The stock had a trading volume of 19,984 shares, compared to its average volume of 105,563. The company has a 50-day moving average price of $133.20 and a two-hundred day moving average price of $129.10. Nelnet has a one year low of $98.15 and a one year high of $142.87. The company has a debt-to-equity ratio of 2.18, a current ratio of 28.98 and a quick ratio of 28.98. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 10.96 and a beta of 0.83.

Nelnet (NYSE:NNI) last posted its earnings results on Thursday, November 6th. The credit services provider reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $1.43. Nelnet had a return on equity of 12.58% and a net margin of 18.96%.The business had revenue of $427.76 million during the quarter, compared to analyst estimates of $372.00 million. On average, analysts expect that Nelnet will post 4.52 EPS for the current fiscal year.

Nelnet Company Profile

Nelnet, Inc (NYSE: NNI) is a diversified education services company founded in 1978 and headquartered in Lincoln, Nebraska. Originally established as the National Education Loan Network by Michael S. Dunlap, the company has grown into a prominent provider of student loan servicing and education finance solutions in the United States.

At the core of Nelnet’s business is student loan servicing, where it administers and manages federal and private education loans on behalf of borrowers and lending partners.