Navient Co. SR NT 6% 121543 (NASDAQ:JSM – Get Free Report) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,022 shares, a decrease of 82.8% from the June 30th total of 17,581 shares. Based on an average trading volume of 11,385 shares, the days-to-cover ratio is presently 0.3 days.
Navient Co. SR NT 6% 121543 Price Performance
NASDAQ JSM traded up $0.10 during trading on Monday, hitting $17.43. 10,582 shares of the company’s stock traded hands, compared to its average volume of 13,852. Navient Co. SR NT 6% 121543 has a 12-month low of $17.24 and a 12-month high of $20.65. The business has a 50 day moving average of $18.09 and a 200-day moving average of $18.68.
Navient Co. SR NT 6% 121543 Dividend Announcement
The firm also recently disclosed 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 dividend on an annualized basis and a yield of 8.6%. 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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