Nelnet to Announce Fourth Quarter Results; Board Approves Dividend

Rhea-AI Summary

Nelnet (NYSE: NNI) has announced two key updates: First, the Board of Directors has declared a first quarter cash dividend of $0.28 per share on both Class A and Class B common stock. The dividend will be paid on March 14, 2025, to shareholders of record as of February 28, 2025.

Additionally, the company will release its fourth quarter and full-year 2024 earnings after the NYSE closes on February 27, 2025. Detailed earnings information will be made available on the company's investor relations website.

Positive

• Maintained quarterly dividend payment of $0.28 per share

Negative

• None.

Insights

Financial Analyst

Nelnet's dividend declaration of $0.28 per share maintains the company's consistent quarterly payout level, demonstrating continued commitment to shareholder returns despite market uncertainties. For a company with a market cap of $4.06 billion, this translates to an annualized dividend of $1.12 per share.

The maintenance of the dividend level signals management's confidence in the company's cash flow generation capabilities and overall financial stability. This is particularly noteworthy in the current higher interest rate environment, which affects Nelnet's student loan servicing and education technology businesses.

The timing of the Q4 earnings announcement aligns with typical reporting patterns, giving investors adequate time to assess full-year performance before the dividend record date. Investors should focus on key metrics in the upcoming earnings report, particularly loan portfolio performance, servicing revenue trends and the growth trajectory of Nelnet's diversification initiatives in software solutions and payment processing.

LINCOLN, Neb., Jan. 30, 2025 /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 $0.28 per share. The dividend will be paid on Friday, March 14, 2025, to shareholders of record at the close of business on Friday, Feb. 28, 2025.

The company also announced it will release earnings for the fourth quarter and year ended December 31, 2024, after the close of the New York Stock Exchange on Thursday, February 27, 2025. Upon release, additional earnings information will be available at www.nelnetinvestors.com.

Learn more about Nelnet at www.nelnetinc.com.

View original content:https://www.prnewswire.com/news-releases/nelnet-to-announce-fourth-quarter-results-board-approves-dividend-302364850.html

SOURCE Nelnet, Inc.

FAQ

When will Nelnet (NNI) pay its Q1 2025 dividend?

Nelnet will pay its Q1 2025 dividend of $0.28 per share on March 14, 2025, to shareholders of record as of February 28, 2025.

What is Nelnet's (NNI) Q1 2025 dividend amount?

Nelnet's Q1 2025 dividend is $0.28 per share for both Class A and Class B common stock.

When will Nelnet (NNI) release its Q4 2024 earnings?

Nelnet will release its Q4 and full-year 2024 earnings after the NYSE closes on February 27, 2025.

What is the record date for Nelnet's (NNI) Q1 2025 dividend?

The record date for Nelnet's Q1 2025 dividend is February 28, 2025.