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

Navient Corporation (NASDAQ:NAVIGet Free Report) announced a quarterly dividend on Thursday, May 21st. Investors of record on Friday, June 5th will be given a dividend of 0.16 per share by the credit services provider on Friday, June 19th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, June 5th.

Navient has a dividend payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Navient to earn $0.91 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 70.3%.

Navient Stock Up 0.5%

Navient stock opened at $8.35 on Friday. The company has a debt-to-equity ratio of 16.49, a current ratio of 7.67 and a quick ratio of 7.67. Navient has a 1-year low of $7.80 and a 1-year high of $16.07. The company has a market cap of $784.82 million, a PE ratio of -13.25 and a beta of 1.24. The stock’s 50 day moving average price is $8.43 and its 200 day moving average price is $10.36.

Navient (NASDAQ:NAVIGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. The firm had revenue of $152.00 million during the quarter, compared to analysts’ expectations of $141.47 million. Navient had a negative net margin of 1.94% and a positive return on equity of 4.39%. During the same quarter last year, the business earned $0.25 earnings per share. On average, sell-side analysts predict that Navient will post 0.71 EPS for the current fiscal year.

Navient Company Profile

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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.

See Also

Dividend History for Navient (NASDAQ:NAVI)

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