Nelnet to preserve capital by stopping dividends

By Lisa Kerner

Charlotte, N.C., May 21 - Nelnet Inc. announced it is temporarily suspending its dividend program.

"With the volatility in the capital markets, we believe it is prudent to preserve capital," chairman and chief executive officer Mike Dunlap said in a company news release.

Nelnet, based in Lincoln, Neb., provides education planning and financing to students, families and schools in the United States.

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