Navient Corporation (NAVI) to Issue Quarterly Dividend of $0.16 on December 18th

Navient Corporation (NASDAQ:NAVI) announced a quarterly dividend on Wednesday, November 11th. Investors of record on Friday, December 4th will be given a dividend of $0.16 per share by the credit services provider on Friday, December 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Friday, December 4th.

Navient has a payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Navient to earn $0.97 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 66.0%.

Navient Price Performance

Navient stock opened at $6.14 on Friday. Navient has a 12 month low of $5.81 and a 12 month high of $13.48. The company has a current ratio of 7.50, a quick ratio of 10.53 and a debt-to-equity ratio of 15.37. The business’s 50 day simple moving average is $8.95 and its 200 day simple moving average is $8.76. The company has a market cap of $575.81 million, a price-to-earnings ratio of 6.51 and a beta of 1.17.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Wednesday, November 4th. The credit services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.10). Navient had a net margin of 1.79% and a return on equity of 3.65%. The firm had revenue of $308.00 million for the quarter, compared to the consensus estimate of $144.92 million. During the same period last year, the company posted ($0.84) earnings per share. Sell-side analysts forecast that Navient will post 0.69 EPS for the current year.

Navient Company Profile

Navient is a U.S.-focused education finance company whose business has centered on managing student loan portfolios and providing loan servicing. Its services have included payment processing, borrower account support and repayment assistance for federal and private education loans, as well as asset-recovery and business-processing services. The company was formed in 2014 through the separation of SLM Corporation, commonly known as Sallie Mae. Navient later transferred federal student loan servicing operations to other providers, including a transfer to Maximus in 2021 and an agreement to move its remaining federal servicing accounts to MOHELA in 2024.