Navient Corporation to Issue Quarterly Dividend of $0.16 (NASDAQ:NAVI)

Navient Corporation (NASDAQ:NAVI) declared a quarterly dividend on Friday, February 20th. Shareholders of record on Friday, March 6th will be paid a dividend of 0.16 per share by the credit services provider on Friday, March 20th. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Friday, March 6th.

Navient has a dividend payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. Equities 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

NASDAQ:NAVI opened at $8.60 on Wednesday. The firm has a 50-day moving average of $11.04 and a two-hundred day moving average of $12.12. The company has a debt-to-equity ratio of 16.94, a current ratio of 9.01 and a quick ratio of 9.01. The stock has a market cap of $817.77 million, a P/E ratio of -10.49 and a beta of 1.33. Navient has a 1-year low of $8.30 and a 1-year high of $16.07.

Navient (NASDAQ:NAVI) last released its quarterly earnings results on Tuesday, January 27th. The credit services provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.29). The business had revenue of $137.00 million during the quarter, compared to analyst estimates of $144.25 million. Navient had a positive return on equity of 4.70% and a negative net margin of 2.47%.During the same quarter last year, the firm posted ($0.24) EPS. On average, research analysts expect that Navient will post 1.04 earnings per share for the current fiscal year.

Navient Company Profile

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.