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.

Several research analysts have commented on NAVI shares. TheStreet cut shares of Navient from a “b-” rating to a “c+” rating in a report on Monday, October 7th. BMO Capital Markets raised their price objective on shares of Navient from $17.00 to $18.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Zacks Investment Research raised shares of Navient from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research report on Monday, October 28th. ValuEngine downgraded shares of Navient from a “sell” rating to a “strong sell” rating in a research note on Friday, October 25th. Finally, BidaskClub upgraded Navient from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $15.60.

About Navient

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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Dividend History for Navient (NASDAQ:NAVI)

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