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

Navient logo with Finance background

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.
  • Looking to export and analyze Navient data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

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 given a dividend of 0.16 per share by the credit services provider on Friday, September 19th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%.

Navient has a dividend payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. Research 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 Down 0.2%

Shares of NAVI traded down $0.03 during midday trading on Thursday, reaching $13.15. 621,683 shares of the stock were exchanged, compared to its average volume of 816,912. Navient has a 52 week low of $10.53 and a 52 week high of $16.97. 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 company's 50 day moving average is $13.84 and its two-hundred day moving average is $13.32. The company has a market capitalization of $1.31 billion, a P/E ratio of 42.42 and a beta of 1.37.

Navient (NASDAQ:NAVI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The credit services provider reported $0.21 earnings per share 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 company had revenue of $156.00 million for the quarter, compared to the consensus estimate of $156.20 million. During the same period in the previous year, the business earned $0.29 EPS. On average, sell-side analysts anticipate that Navient will post 1.04 earnings per share for the current year.

Navient Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Navient (NASDAQ:NAVI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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