Navient Corporation (NASDAQ:NAVI) Declares $0.16 Quarterly Dividend

Navient Corporation (NASDAQ:NAVIGet Free Report) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Friday, June 5th will be paid 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 yield of 7.7%. The ex-dividend date of this dividend is Friday, June 5th.

Navient has a payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

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

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

About Navient

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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.

Further Reading

Dividend History for Navient (NASDAQ:NAVI)

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