Nelnet Stock Price, News & Analysis

Nelnet, Inc. (NYSE: NNI) has declared a cash dividend of $0.24 per share for the first quarter on both Class A and Class B common stock. This dividend is set to be paid on March 15, 2022, to shareholders recorded by the close of business on March 1, 2022. This distribution reflects the company's ongoing commitment to returning value to its shareholders.

Nelnet, Inc. (NYSE: NNI) will announce its earnings for the fourth quarter and year ended December 31, 2021, after the market close on February 28, 2022. This announcement will provide shareholders with vital financial data and insights into the company’s performance during the past year. Further information regarding the earnings release will be accessible on the company’s investor website.

Nelnet (NNI) reported a GAAP net income of $53.1 million or $1.38 per share for Q3 2021, down from $71.5 million or $1.86 per share in Q3 2020. Excluding adjustments, net income was $47.6 million, a decline from $68.9 million. The Q3 results included a $14.2 million impairment of real estate assets. The AGM segment saw net interest income rise to $83.1 million, while the Loan Servicing segment reported a $2.3 million net loss. Nelnet Bank's loan portfolio reached $192.3 million. A fourth quarter dividend of $0.24 per share was declared.

Nelnet Renewable Energy has announced a partnership with Northern Rivers Family of Services to support community solar initiatives in upstate New York. This collaboration allows Northern Rivers to access clean energy while reducing their utility costs by up to 10%. The initiative aims to promote sustainability and educate staff and clients about the benefits of community solar. With a commitment to empowering communities, Northern Rivers seeks to leverage this partnership to enhance its programs and foster environmental awareness among the youth.

Nelnet, Inc. (NYSE: NNI) has announced the release of its earnings for the third quarter ending September 30, 2021. The earnings report will be available after the close of the New York Stock Exchange on November 8, 2021. Shareholders and interested parties can access additional information on the company’s performance through its investor relations website.

Ripple announced a strategic $44 million ESG investment in collaboration with Nelnet Renewable Energy to fund solar energy projects across the U.S. This initiative aims to support a cleaner energy future, anticipated to offset over 1.5 million tons of CO2 emissions. The investment, primarily by Ripple, is part of its commitment to reduce the carbon footprint of financial services globally. Nelnet, which recently earned an E1 ESG rating from S&P Global, emphasizes the importance of transitioning to renewable energy by creating jobs and providing cost-competitive solutions. This partnership underscores both companies' focus on sustainability and innovation.

Nelnet reported a GAAP net income of $83.9 million ($2.16 per share) for Q2 2021, a decrease from $86.5 million ($2.21 per share) in Q2 2020. Excluding derivative adjustments, net income was $85.1 million ($2.20 per share). The Asset Generation and Management segment saw a net interest income increase to $81.3 million, with a net income of $60.0 million. Revenue from the Loan Servicing segment rose to $112.1 million. The company declared a $0.22 dividend per share for Q3 2021.

Pluralytics, a natural language processing startup, announced the launch of its ValuesFinder product and secured over $1M in seed financing. As part of its Early Adopter Program, it has onboarded notable companies like Speedway Motors and Nelnet Renewable Energy. The product aims to help brands optimize their messaging to resonate with values-driven consumers. With a reported 140% increase in messaging response rates, Pluralytics positions itself as a key player in values-based communication, focusing on behavioral science and machine learning.