Nelnet's most recent quarterly dividend of $0.26 per share was on Aug 31, 2023 (ex-date). At an annualized rate of $1.04 per share, the stock yields 1.16%.
Nelnet's dividend yield of 1.16% is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 3.73%, Nelnet's dividend yield is 69% lower. The historical 5-year average of NNI's dividend yield is 1.2%, which is in line with the current one.
Nelnet has a history of paying dividends since 2007. Our records of NNI show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 8% for the last twelve months. However since the stock price has gone up by 12% from a year ago, the dividend yield has decreased by 3.9%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Aug 31, 2023 | Sep 15, 2023 | Aug 7, 2023 | $0.26 | normal |
| May 31, 2023 | Jun 15, 2023 | May 8, 2023 | $0.26 | normal |
| Feb 28, 2023 | Mar 15, 2023 | Feb 1, 2023 | $0.26 | normal |
| Nov 30, 2022 | Dec 15, 2022 | Nov 7, 2022 | $0.26 | normal |
| Aug 31, 2022 | Sep 15, 2022 | Aug 8, 2022 | $0.24 | normal |
| May 31, 2022 | Jun 15, 2022 | May 9, 2022 | $0.24 | normal |
| Feb 28, 2022 | Mar 15, 2022 | Jan 27, 2022 | $0.24 | normal |
| Nov 30, 2021 | Dec 15, 2021 | Nov 8, 2021 | $0.24 | normal |
| Aug 31, 2021 | Sep 15, 2021 | Aug 5, 2021 | $0.22 | normal |
| May 27, 2021 | Jun 14, 2021 | May 10, 2021 | $0.22 | normal |
| Feb 26, 2021 | Mar 15, 2021 | Jan 29, 2021 | $0.22 | normal |
| Nov 30, 2020 | Dec 15, 2020 | Nov 5, 2020 | $0.22 | normal |
| Aug 31, 2020 | Sep 15, 2020 | Aug 6, 2020 | $0.2 | normal |
| May 29, 2020 | Jun 15, 2020 | May 7, 2020 | $0.2 | normal |
| Feb 27, 2020 | Mar 13, 2020 | Jan 31, 2020 | $0.2 | normal |
| Nov 27, 2019 | Dec 13, 2019 | Nov 7, 2019 | $0.2 | normal |
| Aug 29, 2019 | Sep 13, 2019 | Aug 8, 2019 | $0.18 | normal |
| May 30, 2019 | Jun 14, 2019 | May 8, 2019 | $0.18 | normal |
| Feb 28, 2019 | Mar 15, 2019 | Jan 30, 2019 | $0.18 | normal |
| Nov 29, 2018 | Dec 14, 2018 | Nov 8, 2018 | $0.18 | normal |
| Aug 30, 2018 | Sep 14, 2018 | Aug 7, 2018 | $0.16 | normal |
| May 31, 2018 | Jun 15, 2018 | May 8, 2018 | $0.16 | normal |
| Feb 28, 2018 | Mar 15, 2018 | Feb 5, 2018 | $0.16 | normal |
| Nov 30, 2017 | Dec 15, 2017 | Nov 7, 2017 | $0.16 | normal |
| Aug 30, 2017 | Sep 15, 2017 | Aug 7, 2017 | $0.14 | normal |
| May 30, 2017 | Jun 15, 2017 | May 8, 2017 | $0.14 | normal |
| Feb 27, 2017 | Mar 15, 2017 | Feb 3, 2017 | $0.14 | normal |
Nelnet's payout ratio of 20.4% is below the Financial Services sector and the industry average. In comparison with its Financial Services sector average of 33.5%, Nelnet's payout ratio is 39% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NAVI Navient Corp | 3.72% | $0.64 | 21.5% |
| FIS Fidelity National Information Services Inc | 3.67% | $2.03 | N/A |
| NNI Nelnet Inc | 1.16% | $1.04 | 20.4% |
Yes, Nelnet has paid four dividends in the last twelve months. NNI has been paying dividends since 2007.
At this point we don't have a record of NNI's next dividend date, but based on the current dividend schedule we project that it will likely be in November 2023.
Nelnet's last dividend ex-date was on Aug 31, 2023. The dividend amount was $0.26 per share.
On an annual basis NNI pays $1.04 per share.
Currently Nelnet's dividend yield is 1.16%.
Nelnet has a quarterly dividend frequency.
The dividend payout ratio of Nelnet is 20.4%.
Nelnet's dividend yield is lower than the Financial Services sector average.