Navient Co. SR NT 6% 121543 (NASDAQ:JSM – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 3,759 shares, a decline of 39.6% from the July 30th total of 6,225 shares. Based on an average trading volume of 13,652 shares, the short-interest ratio is currently 0.3 days.
Navient Co. SR NT 6% 121543 Price Performance
NASDAQ:JSM traded down $0.16 during mid-day trading on Tuesday, hitting $18.23. 6,749 shares of the company’s stock traded hands, compared to its average volume of 13,376. Navient Co. SR NT 6% 121543 has a 12 month low of $17.24 and a 12 month high of $20.65. The firm has a 50 day moving average of $17.80 and a two-hundred day moving average of $18.33.
Navient Co. SR NT 6% 121543 Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, September 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Monday, September 14th.
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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