Navient Corporation (NASDAQ:NAVI) Plans $0.16 Quarterly Dividend

Key Points

• Navient Corporation has announced a quarterly dividend of $0.16 per share, with a dividend yield of 4.9%, payable to stockholders on September 19th.
• The company's dividend payout ratio is 47.8%, indicating that the dividend is well-covered by earnings, with expectations of $1.41 earnings per share next year.
• Navient's stock recently traded at $13.15, reflecting a slight decrease of 0.2%, and the company reported earnings of $0.21 per share for the last quarter, missing estimates by $0.06.

Navient Corporation (NASDAQ:NAVI - Get Free Report) declared a quarterly dividend on Thursday, August 14th, RTT News reports. Stockholders of record on Friday, September 5th will be paid a dividend of 0.16 per share by the credit services provider on Friday, September 19th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, September 5th.

Navient has a payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 1.1%

Navient stock traded up $0.15 during mid-day trading on Tuesday, hitting $13.08. 34,755 shares of the company's stock were exchanged, compared to its average volume of 811,529. The company has a current ratio of 9.94, a quick ratio of 9.94 and a debt-to-equity ratio of 16.52. The stock has a market cap of $1.30 billion, a P/E ratio of 42.29 and a beta of 1.37. Navient has a 1-year low of $10.53 and a 1-year high of $16.97. The stock has a 50 day moving average of $13.82 and a two-hundred day moving average of $13.29.

Navient (NASDAQ:NAVI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.06). Navient had a net margin of 0.89% and a return on equity of 4.08%. The firm had revenue of $156.00 million during the quarter, compared to analyst estimates of $156.20 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. As a group, analysts anticipate that Navient will post 1.04 EPS for the current fiscal year.

About Navient

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.