The ex-dividend date for Nelnet (NYSE:NNI) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $19.53 as of 9:30 a.m., the dividend yield is 2.1%.
NEW YORK ( TheStreet) -- The ex-dividend date for Nelnet (NYSE: NNI) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $19.53 as of 9:30 a.m. ET, the dividend yield is 2.1%. The average volume for Nelnet has been 135,600 shares per day over the past 30 days. Nelnet has a market cap of $697.2 million and is part of the financial sector and financial services industry. Shares are down 18.9% year to date as of the close of trading on Friday. Nelnet, Inc., an education services company, focuses on providing fee-based processing services, and education-related products and services in the areas of loan financing, loan servicing, payment processing, and enrollment services. The company has a P/E ratio of 5.2, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Nelnet as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full Nelnet Ratings Report. See our dividend calendar or top-yielding stocks list.