Navient Corp (NAVI) to Issue Quarterly Dividend of $0.16 on December 20th

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Navient Corp (NASDAQ:NAVI) declared a quarterly dividend on Thursday, November 14th, Zacks reports. Investors of record on Friday, December 6th will be given a dividend of 0.16 per share by the credit services provider on Friday, December 20th. This represents a $0.64 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Thursday, December 5th.

NAVI opened at $14.06 on Tuesday. Navient has a fifty-two week low of $8.23 and a fifty-two week high of $15.67. The company has a debt-to-equity ratio of 26.07, a quick ratio of 13.16 and a current ratio of 13.16. The company has a fifty day moving average of $13.67 and a two-hundred day moving average of $13.31. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 0.23 and a beta of 2.14.

Navient (NASDAQ:NAVI) last posted its earnings results on Tuesday, October 22nd. The credit services provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. Navient had a return on equity of 17.50% and a net margin of 8.80%. The firm had revenue of $312.00 million for the quarter, compared to analysts’ expectations of $295.33 million. During the same period last year, the firm earned $0.53 EPS. On average, equities research analysts forecast that Navient will post 2.52 earnings per share for the current year.

A number of research analysts have recently issued reports on NAVI shares. BMO Capital Markets increased their target price on Navient from $17.00 to $18.00 and gave the company a “market perform” rating in a research report on Thursday, October 24th. ValuEngine lowered shares of Navient from a “sell” rating to a “strong sell” rating in a research report on Friday, October 25th. TheStreet cut shares of Navient from a “b-” rating to a “c+” rating in a research note on Monday, October 7th. Zacks Investment Research upgraded shares of Navient from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research report on Monday, October 28th. Finally, BidaskClub upgraded Navient from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $15.60.

Navient Company Profile

Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.

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Dividend History for Navient (NASDAQ:NAVI)

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