Navient Co. SR NT 6% 121543 (NASDAQ:JSM – Get Free Report) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 5,761 shares, a growth of 202.4% from the May 31st total of 1,905 shares. Based on an average trading volume of 10,126 shares, the days-to-cover ratio is presently 0.6 days.
Navient Co. SR NT 6% 121543 Trading Up 0.1%
Shares of NASDAQ JSM traded up $0.02 during trading on Friday, reaching $17.87. The company had a trading volume of 14,870 shares, compared to its average volume of 13,880. Navient Co. SR NT 6% 121543 has a 12-month low of $17.76 and a 12-month high of $20.65. The business’s 50-day moving average is $18.42 and its 200 day moving average is $18.98.
Navient Co. SR NT 6% 121543 Dividend Announcement
The company also recently declared 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. The ex-dividend date is Monday, September 14th. This represents a $1.50 dividend on an annualized basis and a yield of 8.4%.
Navient Co. SR NT 6% 121543 Company Profile
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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