Nelnet to Announce Fourth Quarter Results; Board Approves Dividend

(Neutral)

Rhea-AI Summary

Nelnet, Inc. (NYSE: NNI) declared a first-quarter cash dividend of $0.26 per share on its Class A and Class B common stock. This dividend will be paid on March 15, 2023, to shareholders recorded by March 1, 2023. Additionally, the company will release its earnings for the fourth quarter and full year ended December 31, 2022 after the market closes on February 28, 2023. Investors can access further details through www.nelnetinvestors.com.

Positive

Declared a cash dividend of $0.26 per share, indicating strong cash flow and shareholder returns.

Negative

None.

News Market Reaction – NNI

+0.45%

+0.45% Session move

In the trading session that priced this news, NNI gained 0.45%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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02/01/2023 - 06:42 PM

LINCOLN, Neb., Feb. 1, 2023 /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 $0.26 per share. The dividend will be paid on Wednesday, March 15, 2023, to shareholders of record at the close of business on Wednesday, March 1, 2023.

The company also announced it will release earnings for the fourth quarter and year ended December 31, 2022, after the close of the New York Stock Exchange on Tuesday, February 28, 2023. 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-301736784.html

SOURCE Nelnet, Inc.

FAQ

What is the dividend declared by Nelnet for Q1 2023?

Nelnet declared a cash dividend of $0.26 per share for Q1 2023.

When will Nelnet release its fourth quarter earnings for 2022?

Nelnet will release its fourth quarter earnings on February 28, 2023.

When is the payment date for Nelnet's declared dividend?

The dividend will be paid on March 15, 2023.

What is the record date for Nelnet's dividend payment?

The record date for the dividend payment is March 1, 2023.