Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Shares Up 0.1% – Time to Buy?

Navient Co. SR NT 6% 121543 (NASDAQ:JSM)’s stock price shot up 0.1% during mid-day trading on Tuesday. The stock traded as high as $17.30 and last traded at $16.54. 7,606 shares were traded during trading, a decline of 48% from the average session volume of 14,542 shares. The stock had previously closed at $16.53.

Navient Co. SR NT 6% 121543 Stock Performance

The firm’s 50-day simple moving average is $17.54 and its 200-day simple moving average is $17.95.

Navient Co. SR NT 6% 121543 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, December 14th will be paid a dividend of $0.3750 per share. The ex-dividend date of this dividend is Monday, December 14th. This represents a $1.50 annualized dividend and a dividend yield of 9.1%.

Navient Co. SR NT 6% 121543 Company Profile

Navient Co SR NT 6% 121543 (NASDAQ: JSM) refers to a series of senior notes issued by Navient Corporation, a U.S.-based education finance and loan servicing company. The notes are scheduled to mature on December 15, 2043 and pay a fixed annual interest rate of 6%. As a debt security, JSM represents an obligation of Navient rather than an ownership interest in the company.

Navient has historically provided student loan management, loan servicing, and education finance services. Its activities have included servicing federal and private education loans, helping borrowers manage repayment and account administration, and offering private student loans through its Earnest brand.