Nelnet (Nelnet) 3-Year Dividend Growth Rate

: 8.90% (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

Nelnet's Dividends per Share for the three months ended in Dec. 2023 was $0.28.

The historical rank and industry rank for Nelnet's 3-Year Dividend Growth Rate or its related term are showing as below:

NNI' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 1.6 Med: 12.2 Max: 78.8
Current: 8.9

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nelnet was 78.80% per year. The lowest was 1.60% per year. And the median was 12.20% per year.

NNI's 3-Year Dividend Growth Rate is ranked better than
52.27% of 132 companies
in the Credit Services industry
Industry Median: 8.35 vs NNI: 8.90

During the past 12 months, Nelnet's average Dividends Per Share Growth Rate was 8.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 8.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 11.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Nelnet's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.91. As of today, Nelnet's Dividend Yield % is 1.13%.

For more information regarding to dividend, please check our Dividend Page.

Competitive Comparison

For the Credit Services subindustry, Nelnet's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nelnet 3-Year Dividend Growth Rate Distribution

For the Credit Services industry and Financial Services sector, Nelnet's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Nelnet's 3-Year Dividend Growth Rate falls into.

Nelnet 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Nelnet (NYSE:NNI) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Nelnet's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.28	/	0.308
	=	0.91

During the past 13 years, the highest Dividend Payout Ratio of Nelnet was 0.34. The lowest was 0.06. And the median was 0.11.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Nelnet Recent Full-Year* Dividend History

Amount	Ex-date	Record Date	Pay Date	Type	Frequency	Forex Rate
USD 0.280	2024-02-29	2024-03-01	2024-03-15	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.280	2023-11-30	2023-12-01	2023-12-15	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.260	2023-08-31	2023-09-01	2023-09-15	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.260	2023-05-31	2023-06-01	2023-06-15	Cash Dividend	quarterly	USD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Nelnet's Dividend Yield (%) for Today is calculated as

Dividend Yield %	=	Most Recent Full Year Dividend	/	Current Share Price
	=	1.08	/	94.88
	=	1.14 %

Current Share Price is $94.88.
Nelnet's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.08.

During the past 13 years, the highest Dividend Yield of Nelnet was 1.91%. The lowest was 0.83%. And the median was 1.10%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nelnet 3-Year Dividend Growth Rate Related Terms>

Nelnet (Nelnet) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Nelnet Inc (NYSE:NNI) » Definitions » 3-Year Dividend Growth Rate

Comparable Companies

Traded in Other Exchanges

NIJ:Germany

Address

121 South 13th Street, Suite 100, Lincoln, NE, USA, 68508

Website

https://www.nelnet.com

Nelnet Inc is a United States based company engaged in these five segments; Loan Servicing and Systems focuses on student and consumer loan origination services and servicing, loan origination and servicing-related technology solutions, and outsourcing business services, Education Technology, Services, and Payment Processing provides education services, payment technology, and community management solutions for K-12 schools, institutions, churches, and businesses, Asset Generation and Management Includes the acquisition and management of student and other loan assets, Nelnet Bank focuses on the private education and unsecured consumer loan markets, and Communications provides fiber optic service for internet, telephone, and television services.

Executives

William J Munn	officer: Secy, Chief Legal Off, Gen Cou	121 S. 13TH STREET, SUITE 100, LINCOLN NE 68508
Van Deun Jona M	director	121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508
Dan D Muhleisen	10 percent owner	6321 DOECREEK CIRCLE, LINCOLN NE 68516
Preeta D Bansal	director	121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508
David S Graff	director	121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508
Kimberly Kay Rath	director	121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508
Kathleen Anne Farrell	director	121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508
Matthew W Dunlap	director, officer: Chief Business Develop. Off.	121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508
Magnolia Capital Fund, Lp	other: See remarks	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Magnolia Group, Llc	other: See remarks	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Adam K Peterson	director, other: See below	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Shelby J Butterfield	10 percent owner	121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508
Michael S Dunlap	director, 10 percent owner, officer: Chairman, Co-Chief Ex. Officer	121 SOUTH 13TH STREET, SUITE 100, LINCOLN NE 68508
Joann M Martin	director	6221 ANDREW COURT, LINCOLN NE 68512
Angie Mulheisen	10 percent owner	3643 S 48TH STREET P O BOX 82535, LINCOLN NE 68501-2535