Nelnet Board Approves Dividend

Rhea-AI Summary

Nelnet, based in Lincoln, Nebraska, declared a first quarter cash dividend of $0.22 per share on its Class A and Class B common stock. The dividend is scheduled for payment on March 15, 2021, to shareholders of record as of March 1, 2021. This announcement reflects the company's commitment to returning value to its shareholders and indicates a steady cash flow position.

Positive

• Declared a first quarter cash dividend of $0.22 per share.
• Demonstrates commitment to shareholder value.
• Payment date set, indicating stable cash flow.

Negative

• None.

LINCOLN, Neb., Jan. 29, 2021 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced the Nelnet Board of Directors declared a first quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.22 per share. The dividend will be paid on Monday, March 15, 2021, to shareholders of record at the close of business on Monday, March 1, 2021.

Learn more about Nelnet at https://nelnetinc.com/.

(code #: nnif)

View original content:http://www.prnewswire.com/news-releases/nelnet-board-approves-dividend-301218334.html

SOURCE Nelnet, Inc.

FAQ

What is the dividend amount for Nelnet in 2021?

The dividend amount declared by Nelnet for the first quarter of 2021 is $0.22 per share.

When will the Nelnet dividend be paid?

The Nelnet dividend will be paid on March 15, 2021.

What is the record date for the Nelnet dividend?

The record date for the Nelnet dividend is March 1, 2021.

How often does Nelnet pay dividends?

Nelnet typically declares dividends quarterly, as indicated in their recent announcement.

Is the Nelnet dividend sustainable?

The sustainability of the Nelnet dividend depends on the company's ongoing financial performance and cash flow.