SmarterDividends
NNI

Nelnet, Inc.

NNI

Financial Services · Credit Services · Stock · quarterly payer

$127.42

Undervalued · +72% Add to Portfolio

Forward Yield

1.04%

Annual Dividend

$1.32

Payout Ratio

15%

5-Yr Growth

7.7%

Ex-Date

Sep 1, 2026

Frequency

Quarterly

Key facts about NNI's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Nelnet, Inc. (NNI) has a forward dividend yield of 1.04%, based on an annual dividend of $1.32 per share and a share price of $127.42.
  • As of Oct 18, 2026, NNI's dividend safety grade from SmarterDividends is A (91 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Nelnet, Inc. (NNI) has raised its dividend for 11 consecutive years as of Oct 18, 2026.
  • NNI has never cut its regular dividend in the payment history SmarterDividends has on record.
  • NNI's most recent ex-dividend date was Sep 1, 2026, for a dividend of $0.33 per share.
  • As of Oct 18, 2026, NNI pays out 15% of its trailing 12-month earnings as dividends (its payout ratio).
  • NNI's dividend has grown at an average rate of 7.7% a year over the past five years.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for NNI is $218.67 per share, 72% above the $127.42 share price, so NNI screens as undervalued.
  • Nelnet, Inc. (NNI) pays its dividend quarterly, 4 times a year.
  • Nelnet, Inc. (NNI) has raised its regular dividend 12 times and cut it 0 times across the 73 payments on record since 2007. Its most recent change was a 10.0% increase to $0.330 per share, going ex-dividend on Dec 1, 2025.
Cite this page

SmarterDividends, "NNI Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/NNI

Summary

As of Oct 18, 2026, Nelnet, Inc. (NNI) yields 1.04% ($1.32 a year per share), has a dividend safety grade of A (91/100) and has 11 consecutive years of dividend increases on record.

Is NNI a good dividend stock?

Yes

Nelnet, Inc. (NNI) pays a quarterly dividend yielding 1.04% ($1.32/yr), with 11 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 11 consecutive years of dividend growth
  • Never cut its dividend on record
  • Comfortable payout ratio (15%)
  • Strong 7.7% 5-yr dividend growth
  • 48% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
1.04%
Payout Ratio
15%
Annual Dividend
$1.32
5-Yr Avg Growth
7.7%
Ex-Dividend Date
Sep 1, 2026
Years of Growth
11
Frequency
quarterly
Beta
0.77
Market Cap
$4.6B
P/E Ratio
15.2
5-Yr Total Return
48%
52-Week Range
$116.62 – $144.38
Dividend Safety
A · 91/100
Ever Cut?
No

NNI dividend raises and cuts

Nelnet, Inc. (NNI) has raised its regular dividend 12 times and cut it 0 times across the 73 payments on record since 2007. Its most recent change was a 10.0% increase to $0.330 per share, going ex-dividend on Dec 1, 2025.

Ex-dateChangeOld → newMove
Dec 1, 2025Raise$0.300 → $0.330+10.0%
Sep 2, 2025Raise$0.280 → $0.300+7.1%
Nov 30, 2023Raise$0.260 → $0.280+7.7%
Nov 30, 2022Raise$0.240 → $0.260+8.3%
Nov 30, 2021Raise$0.220 → $0.240+9.1%
Nov 30, 2020Raise$0.200 → $0.220+10.0%
Nov 27, 2019Raise$0.180 → $0.200+11.1%
Nov 29, 2018Raise$0.160 → $0.180+12.5%
Nov 30, 2017Raise$0.140 → $0.160+14.3%
Nov 29, 2016Raise$0.120 → $0.140+16.7%
Nov 27, 2015Raise$0.100 → $0.120+20.0%
May 27, 2011Raise$0.0700 → $0.100+42.9%
Every NNI payment →Download every raise and cut (CSV)
NNI ex-dividend date & scheduleNext ex-date Sep 1, 2026 · full ex-dividend historyView →NNI dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is NNI a good dividend stock?

Yes. Nelnet, Inc. (NNI) pays a quarterly dividend yielding 1.04% ($1.32/yr), with 11 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is NNI undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NNI's fair value is about $218.67 versus a $127.42 share price — so it looks undervalued (+72% vs. fair value).

Is NNI's dividend safe?

NNI has a dividend-safety grade of A (91/100), based on its payout coverage, free-cash-flow, 11-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is NNI's fair value?

Our blended fair-value estimate for NNI is about $218.67 per share, roughly 72% above the current $127.42 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NNI a buy, hold, or sell?

We don't issue formal ratings, but on the data NNI screens as "yes" and undervalued. Nelnet, Inc. (NNI) pays a quarterly dividend yielding 1.04% ($1.32/yr), with 11 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will NNI cut its dividend?

NNI earns a dividend-safety grade of A (91/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does NNI pay a dividend?

Yes. Nelnet, Inc. pays a quarterly dividend of about $1.32 per share annually, a forward yield of roughly 1.04%.

What is NNI's dividend yield?

As of Oct 18, 2026, NNI's forward dividend yield is 1.04%, based on a $1.32 annual dividend and a $127.42 share price.

What is NNI's dividend per share?

As of Oct 18, 2026, NNI pays $1.32 per share per year, distributed on a quarterly basis.

What is NNI's dividend payout ratio?

As of Oct 18, 2026, NNI's payout ratio is 15% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has NNI grown its dividend?

As of Oct 18, 2026, NNI has increased its dividend for 11 consecutive years.

When is the next NNI ex-dividend date?

As of Oct 18, 2026, NNI's next ex-dividend date hasn't been announced. The most recent was Sep 1, 2026, for $0.33 per share.

Income Calculator

At $1.32 / yr per share

Per payment (quarterly)$33.00
Annual$132.00
Monthly avg$11.00

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