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LINCOLN, Neb., Jan. 31, 2020 /PRNewswire/ --Nelnet, Inc. (NYSE: NNI) today announced the Nelnet Board of Directors declared a first quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.20 per share. The dividend will be paid on Friday, March 13, 2020, to shareholders of record at the close of business on Friday, February 28, 2020.