Nelnet (NNI) Posts Q3 EPS of $1.11, Ex-Items, Tops Views; Reinstates Quarterly Dividend at $0.07

Nelnet (NYSE: NNI) reports Q3 EPS of $1.11, ex-items, 9 cents better than the consensus of $1.02. The Nelnet Board of Directors declared a fourth-quarter cash dividend on its outstanding shares of Class A common stock of $0.49 per share. The dividend consists of a quarterly dividend of $0.07 per share, and an additional $0.42 per share representing $0.07 per share for each of the six quarters in 2008 and 2009 during which the company had suspended dividend payments to preserve capital during a volatile period in the market. Nelnet currently anticipates paying a quarterly dividend of $0.07 per share in future periods. The dividend will be paid on December 15, 2010, to shareholders of record at the close of business on December 1, 2010.... Read more

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