Navient Corporation (NAVI) To Go Ex-Dividend on June 5th

Navient Corporation (NASDAQ:NAVIGet Free Report) announced a quarterly dividend on Thursday, May 21st. Investors 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 dividend yield of 7.9%. 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. Research 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 $8.11 on Wednesday. Navient has a fifty-two week low of $7.80 and a fifty-two week high of $16.07. The firm’s 50-day simple moving average is $8.46 and its 200 day simple moving average is $10.19. The company has a quick ratio of 7.67, a current ratio of 7.67 and a debt-to-equity ratio of 16.49. The stock has a market cap of $762.26 million, a P/E ratio of -12.87 and a beta of 1.20.

Navient (NASDAQ:NAVIGet Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The credit services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Navient had a negative net margin of 1.94% and a positive return on equity of 4.39%. The business had revenue of $152.00 million for the quarter, compared to analysts’ expectations of $141.47 million. During the same period in the previous year, the business earned $0.25 earnings per share. Equities analysts expect that Navient will post 0.71 EPS for the current 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.

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Dividend History for Navient (NASDAQ:NAVI)

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