NIC is a provider of digital government services that help governments use technology. Co. operates through two channels: state enterprise businesses and its software and services businesses. In its state enterprise businesses, Co. has contracts with state and local governments to designs, builds, and operates digital government services on an enterprise-wide basis on their behalf. In its software and services businesses, Co. provides certain payment processing services, software development and digital government services, other than those provided on an enterprise-wide basis, to federal agencies, as well as state and local governments. The EGOV average annual return 10 years is shown above.
The Average Annual Return on the EGOV average annual return 10 years page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether EGOV average annual return 10 years or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the EGOV average annual return calculation with any dividends reinvested as applicable (on ex-dates).
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