Navient Corporation (NAVI) to Issue Quarterly Dividend of $0.16 on March 20th

Navient Corporation (NASDAQ:NAVI) announced a quarterly dividend on Friday, February 20th. Stockholders of record on Friday, March 6th will be paid a dividend of 0.16 per share by the credit services provider on Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Friday, March 6th.

Navient has a dividend payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Navient to earn $1.41 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 45.4%.

Navient Trading Up 0.6%

NAVI traded up $0.05 on Wednesday, hitting $8.65. The company had a trading volume of 42,578 shares, compared to its average volume of 1,074,657. The business’s fifty day simple moving average is $11.04 and its 200 day simple moving average is $12.12. The company has a quick ratio of 9.01, a current ratio of 9.01 and a debt-to-equity ratio of 16.94. Navient has a 12-month low of $8.30 and a 12-month high of $16.07. The company has a market cap of $822.53 million, a PE ratio of -10.55 and a beta of 1.33.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Tuesday, January 27th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.29). The company had revenue of $137.00 million for the quarter, compared to analysts’ expectations of $144.25 million. Navient had a negative net margin of 2.47% and a positive return on equity of 4.70%. During the same quarter last year, the company earned ($0.24) earnings per share. Equities research analysts expect that Navient will post 1.04 EPS for the current year.

Navient Company Profile

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.