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LINCOLN, Neb. – Nelnet, Inc. (NYSE: NNI), a diversified financial services company with a market capitalization of $4.01 billion, has declared a quarterly cash dividend of $0.28 per share for both its Class A and Class B common stock. The dividend, yielding 1.01%, continues the company’s impressive 18-year streak of consistent dividend payments. The dividend is payable on March 14, 2025, to shareholders of record as of the close of business on February 28, 2025.
Additionally, Nelnet announced that it will release its fourth-quarter and full-year earnings for the period ending December 31, 2024, after the New York Stock Exchange closes on Thursday, February 27, 2025. Following the release, the earnings details will be accessible on the company’s investor relations website. InvestingPro subscribers can access additional insights, including exclusive financial health scores and detailed valuation metrics.
The dividend announcement and the forthcoming earnings release reflect Nelnet’s ongoing business activities and financial developments. Shareholders and potential investors may find these announcements significant as they provide insights into the company’s financial health and management’s confidence in its ability to generate cash flow.
Nelnet’s diverse operations include education services, loan servicing, payment processing solutions, asset management, and telecommunications, among others. The company’s financial performance can serve as an indicator of its operational success across these sectors.
This information is based on a press release statement from Nelnet, Inc. Investors are advised to review the full earnings report upon its release for a comprehensive understanding of the company’s financial performance and strategic direction.
In other recent news, Boston Omaha Corporation has expanded its board with the appointment of a new director, Graff, whose experience in business development and acquisitions is expected to support the company’s strategic initiatives. Graff’s previous roles include board contributions to Nelnet, Inc. and Hudl, along with a track record in the technology and finance sectors. In related developments, Nelnet Inc (NYSE:NNI). has made a strategic equity investment in fintech firm Edge Focus, aiming to enhance its technology for underwriting and investing in consumer loans.
Nelnet Inc. also disclosed its second-quarter 2024 earnings report, surpassing TD Cowen’s estimate with earnings per share of $1.44. This performance led TD Cowen to upgrade Nelnet’s price target from $96.00 to $98.00, while maintaining a Hold rating. The improved earnings were attributed to reduced operating expenses and a lower provision for losses.
In addition, Nelnet Bank, a subsidiary of Nelnet Inc., has submitted its Q3 financial report to the Federal Deposit Insurance Corporation (FDIC), adhering to federal reporting requirements. The Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total (EPA:TTEF) Assets Less than $5 Billion - FFIEC 051 provides a snapshot of Nelnet Bank’s financial status. These reports are publicly available on the FDIC’s website, offering valuable insights into Nelnet’s banking operations.
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