Navient Corporation (NASDAQ:NAVI – Get 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.
About Navient
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.
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