Navient Corporation (NAVI) to Issue Quarterly Dividend of $0.16 on December 19th

Navient Corporation (NASDAQ:NAVI) declared a quarterly dividend on Wednesday, November 12th. Shareholders of record on Friday, December 5th will be paid a dividend of 0.16 per share by the credit services provider on Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Friday, December 5th.

Navient has a dividend payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Navient to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 45.4%.

Navient Stock Performance

Shares of NASDAQ NAVI traded up $0.04 during mid-day trading on Wednesday, reaching $12.64. 158,249 shares of the company’s stock were exchanged, compared to its average volume of 810,791. The firm has a 50-day moving average price of $12.34 and a two-hundred day moving average price of $13.17. The company has a debt-to-equity ratio of 16.98, a current ratio of 9.41 and a quick ratio of 9.41. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -23.42 and a beta of 1.30. Navient has a 52 week low of $10.53 and a 52 week high of $16.07.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Monday, February 28th. The credit services provider reported $0.97 earnings per share (EPS) for the quarter. Navient had a negative net margin of 1.48% and a positive return on equity of 4.12%. The business had revenue of $511.00 million during the quarter. Analysts predict that Navient will post 1.04 EPS for the current year.

Institutional Investors Weigh In On Navient

Several hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its stake in Navient by 79.0% during the third quarter. CWM LLC now owns 2,525 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 1,114 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Navient in the first quarter worth approximately $40,000. Quent Capital LLC bought a new stake in Navient during the 3rd quarter valued at $68,000. New Age Alpha Advisors LLC bought a new stake in Navient during the 1st quarter valued at $71,000. Finally, Root Financial Partners LLC purchased a new stake in Navient during the 3rd quarter valued at $88,000. 97.14% of the stock is currently owned by institutional investors.

Navient Company Profile

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.