Nelnet Stock To Go Ex-dividend Tomorrow (NNI)

NEW YORK ( TheStreet) -- The ex-dividend date for Nelnet (NYSE: NNI) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $22.10 as of 9:36 a.m. ET, the dividend yield is 1.9%.

The average volume for Nelnet has been 120,800 shares per day over the past 30 days. Nelnet has a market cap of $769.7 million and is part of the financial sector and financial services industry. Shares are down 9.7% 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 4.6, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Nelnet as a sell. Among the areas we feel are negative, one of the most important has been poor debt management on most measures. You can view the full Nelnet Ratings Report.

See our dividend calendar or top-yielding stocks list.

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