NYSE — Financial Services: Finance Insurance And Real Estate, Credit Services: Personal Credit Institutions
www.nelnet.comNelnet expects to close the redemption of certain membership interests in ALLO Holdings LLC in late May 2025, receiving approximately $410 million in cash proceeds. Following the transaction, Nelnet’s ownership in ALLO will decrease from 45% to about 26%, and it will no longer hold any preferred membership interests. The deal is subject to customary closing conditions and is anticipated to result in a pre-tax gain of approximately $175 million for Nelnet.
otherNelnet's Board of Directors declared a second-quarter 2025 cash dividend of $0.28 per share for both Class A and Class B common stock. The dividend is scheduled to be paid on June 16, 2025, to shareholders of record as of June 2, 2025. Nelnet is a diversified financial services company with operations in loan servicing, education technology, and asset management.
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