Navient Corporation (NASDAQ:NAVI – Get 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.
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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