Nelnet, Inc. (NNI) To Go Ex-Dividend on September 1st

Nelnet, Inc. (NYSE:NNI) announced a quarterly dividend on Thursday, August 6th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.33 per share by the credit services provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis 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 dividend payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nelnet to earn $8.60 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 15.3%.

Nelnet Price Performance

Shares of NNI stock opened at $127.39 on Friday. The company has a current ratio of 15.89, a quick ratio of 15.89 and a debt-to-equity ratio of 1.94. The stock has a fifty day simple moving average of $131.69 and a two-hundred day simple moving average of $131.37. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 15.24 and a beta of 0.78. Nelnet has a twelve month low of $116.62 and a twelve month high of $144.38.

Nelnet (NYSE:NNI) last released its quarterly earnings data on Thursday, August 6th. The credit services provider reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.36). Nelnet had a return on equity of 8.26% and a net margin of 14.35%.The business had revenue of $410.01 million during the quarter, compared to analysts’ expectations of $419.92 million. On average, analysts predict that Nelnet will post 7.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NNI has been the topic of a number of recent research reports. Zacks Research downgraded Nelnet from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Weiss Ratings downgraded Nelnet from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Nelnet has an average rating of “Reduce” and an average target price of $140.00.

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.