Navient Corp Plans Quarterly Dividend of $0.16 (NASDAQ:NAVI)
Navient Corp (NASDAQ:NAVI) announced a quarterly dividend on Thursday, November 14th, Zacks reports. Stockholders 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 4.55%. The ex-dividend date is Thursday, December 5th.
NASDAQ:NAVI opened at $14.06 on Tuesday. 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 6.73, a price-to-earnings-growth ratio of 0.23 and a beta of 2.14. The company has a current ratio of 13.16, a quick ratio of 13.16 and a debt-to-equity ratio of 26.07. The stock has a fifty day moving average price of $13.67 and a 200 day moving average price of $13.31.
Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. Navient had a return on equity of 17.50% and a net margin of 8.80%. The business had revenue of $312.00 million during the quarter, compared to analysts’ expectations of $295.33 million. During the same quarter last year, the business posted $0.53 EPS. Equities analysts forecast that Navient will post 2.52 EPS for the current year.
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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