Breaking News: Nelnet, a publicly traded company, has declared a first quarter cash dividend on its outstanding shares of Class A common stock and Class B common stock. The dividend will be paid out on March 15, 2023, to shareholders of record on March 1, 2023.
Nelnet Board of Directors Declares Cash Dividend
Nelnet, Inc. announced that its Board of Directors declared a cash dividend of $0.26 per share on its outstanding shares of Class A and Class B common stock. This announcement has come as a surprise for many as the company had not declared any cash dividend in the previous quarter.
Dividend Payment Details
Shareholders of Nelnet can expect to receive the dividend on March 15, 2023. The payment will be made to those shareholders who have their names on the company’s records at the close of business on March 1, 2023.
Forthcoming Release of Earnings Report
The company also announced that it will release its earnings report for the fourth quarter and year ended December 31, 2022, after the close of the New York Stock Exchange on February 28, 2023. Nelnet investors can expect to find additional earnings information on the company’s investor website, www.nelnetinvestors.com, after the release of the earnings report.
Final Thoughts
This is positive news for Nelnet shareholders, as the declaration of a first-quarter cash dividend demonstrates the company’s confidence in its financial stability. The upcoming release of the earnings report will provide a detailed insight into the company’s performance in the fourth quarter and the entire year. Stay tuned for more updates on Nelnet’s financial performance.
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