Navient Corp (NAVI) to Issue Quarterly Dividend of $0.16 on December 20th

Navient Corp (NASDAQ:NAVI) announced a quarterly dividend on Thursday, November 14th, Zacks reports. Investors of record on Friday, December 6th will be paid a dividend of 0.16 per share by the credit services provider on Friday, December 20th. This represents a $0.64 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Thursday, December 5th.

Shares of NASDAQ:NAVI traded down $0.23 during trading on Tuesday, reaching $13.83. 16,758 shares of the stock were exchanged, compared to its average volume of 1,182,867. Navient has a 12 month low of $8.23 and a 12 month high of $15.67. The firm has a market cap of $3.17 billion, a PE ratio of 6.61, a PEG ratio of 0.23 and a beta of 2.14. The stock has a 50-day moving average price of $13.67 and a 200-day moving average price of $13.31. The company has a current ratio of 13.16, a quick ratio of 13.16 and a debt-to-equity ratio of 26.07.

Navient (NASDAQ:NAVI) last posted its earnings results on Tuesday, October 22nd. The credit services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $312.00 million for the quarter, compared to the consensus estimate of $295.33 million. Navient had a return on equity of 17.50% and a net margin of 8.80%. During the same quarter in the prior year, the business earned $0.53 earnings per share. On average, sell-side analysts expect that Navient will post 2.52 earnings per share for the current fiscal year.

Several analysts recently weighed in on the company. BMO Capital Markets raised their price objective on Navient from $17.00 to $18.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. BidaskClub raised Navient from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. ValuEngine cut Navient from a “sell” rating to a “strong sell” rating in a report on Friday, October 25th. TheStreet cut Navient from a “b-” rating to a “c+” rating in a report on Monday, October 7th. Finally, Zacks Investment Research raised Navient from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Navient currently has a consensus rating of “Hold” and a consensus price target of $15.60.

About Navient

Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.

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Dividend History for Navient (NASDAQ:NAVI)

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