Nelnet, Inc. (NNI) to Issue Quarterly Dividend of $0.33 on September 15th

Nelnet, Inc. (NYSE:NNI) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.33 per share by the credit services provider on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 1st.

Nelnet has raised its dividend payment by an average of 0.1%annually over the last three years. Nelnet has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nelnet to earn $9.58 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 13.8%.

Nelnet Stock Performance

Shares of Nelnet stock opened at $131.82 on Friday. Nelnet has a one year low of $116.62 and a one year high of $144.38. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 15.77 and a beta of 0.78. The business has a 50-day simple moving average of $132.43 and a 200 day simple moving average of $131.89. The company has a debt-to-equity ratio of 2.14, a current ratio of 24.07 and a quick ratio of 24.07.

Nelnet (NYSE:NNI) last issued its earnings results on Thursday, August 6th. The credit services provider reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.36). The firm had revenue of $410.01 million during the quarter, compared to the consensus estimate of $419.92 million. Nelnet had a return on equity of 8.28% and a net margin of 14.35%. On average, research analysts anticipate that Nelnet will post 8.18 earnings per share for the current fiscal year.

About Nelnet

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.