Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Announces $0.38 Quarterly Dividend

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) declared a quarterly dividend on Friday, January 1st. Investors of record on Monday, September 14th will be given a dividend of 0.375 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Monday, September 14th.

Navient Co. SR NT 6% 121543 Stock Performance

NASDAQ:JSM opened at $17.86 on Friday. Navient Co. SR NT 6% 121543 has a 52-week low of $17.24 and a 52-week high of $20.65. The firm’s 50-day moving average is $17.81 and its 200-day moving average is $18.25.

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.