Nelnet, Inc. (NYSE:NNI) to Issue $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 paid a dividend of 0.33 per share by the credit services provider on Friday, March 13th. This represents a c) dividend on an annualized basis 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%per year over the last three years. Nelnet has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. 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 Performance

Shares of NNI stock traded down $0.40 during trading hours on Friday, reaching $130.39. 19,339 shares of the company’s stock were exchanged, compared to its average volume of 105,445. 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’s 50 day moving average is $133.20 and its two-hundred day moving average is $129.10. The company has a market cap of $4.68 billion, a P/E ratio of 10.96 and a beta of 0.83. Nelnet has a 1 year low of $98.15 and a 1 year high of $142.87.

Nelnet (NYSE:NNI) last announced its quarterly earnings data on Thursday, November 6th. The credit services provider reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $1.43. The firm had revenue of $427.76 million for the quarter, compared to analyst estimates of $372.00 million. Nelnet had a return on equity of 12.58% and a net margin of 18.96%. Equities research analysts anticipate 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.