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 stock yearly return is shown above.
The yearly return on the EGOV stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2020 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the EGOV annual return calculation with any dividends reinvested as applicable (on ex-dates).
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