Navient Co. SR NT 6% 121543 (NASDAQ:JSM – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 1,905 shares, a drop of 57.8% from the May 14th total of 4,517 shares. Based on an average daily trading volume, of 11,344 shares, the short-interest ratio is currently 0.2 days.
Navient Co. SR NT 6% 121543 Stock Performance
Shares of NASDAQ:JSM traded down $0.44 on Friday, reaching $17.95. The company’s stock had a trading volume of 10,466 shares, compared to its average volume of 13,924. Navient Co. SR NT 6% 121543 has a 52-week low of $17.76 and a 52-week high of $20.65. The company has a 50-day simple moving average of $18.44 and a 200 day simple moving average of $19.08.
Navient Co. SR NT 6% 121543 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 12th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Friday, June 12th.
About Navient Co. SR NT 6% 121543
Navient Co SR NT 6% 121543 (NASDAQ:JSM) is a series of senior unsecured notes issued by Navient Corporation. The notes carry a fixed annual interest rate of 6.00% and mature on December 15, 2043. As unsecured obligations, they rank pari passu with all of Navient’s other unsubordinated debt and are structurally subordinated to any secured borrowings.
Interest on these notes is payable semi-annually on June 15 and December 15 of each year. Beginning December 15, 2023, Navient has the option to redeem the notes, in whole or in part, at a specified redemption price plus accrued interest, subject to the terms set forth in the governing indenture under which the notes were issued and trade under the ticker symbol JSM.
Navient Corporation, the issuer behind this debt issue, provides asset management and business processing solutions to education loan portfolios in the United States.
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