Navient Corp Announces Quarterly Dividend of $0.16 (NAVI)
Navient Corp (NASDAQ:NAVI) announced a quarterly dividend on Tuesday, February 6th, Wall Street Journal reports. Investors of record on Friday, March 2nd will be given a dividend of 0.16 per share by the credit services provider on Friday, March 16th. This represents a $0.64 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Thursday, March 1st.
Shares of Navient (NASDAQ:NAVI) opened at $13.23 on Friday. Navient has a 52 week low of $11.48 and a 52 week high of $16.97. The company has a debt-to-equity ratio of 30.13, a quick ratio of 33.10 and a current ratio of 22.41. The stock has a market capitalization of $3,437.57, a P/E ratio of 13.10, a P/E/G ratio of 1.14 and a beta of 2.30.
Navient (NASDAQ:NAVI) last posted its earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Navient had a return on equity of 13.90% and a net margin of 5.94%. The business had revenue of $366.00 million during the quarter, compared to analysts’ expectations of $362.33 million. During the same period in the prior year, the business earned $0.43 EPS. analysts anticipate that Navient will post 1.91 earnings per share for the current year.
In other Navient news, SVP Stephen M. Hauber sold 17,423 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $14.40, for a total transaction of $250,891.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.68% of the company’s stock.
Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).
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