Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Plans $0.38 Quarterly Dividend

Navient Co. SR NT 6% 121543 (NASDAQ:JSM) announced a quarterly dividend on Friday, January 1st. Stockholders of record on Friday, March 13th will be given a dividend of 0.375 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Friday, March 13th.

Navient Co. SR NT 6% 121543 Trading Up 0.8%

NASDAQ JSM traded up $0.16 during trading hours on Wednesday, reaching $19.46. 2,238 shares of the company’s stock traded hands, compared to its average volume of 13,667. Navient Co. SR NT 6% 121543 has a 52-week low of $16.51 and a 52-week high of $20.65. The firm has a 50-day simple moving average of $19.66 and a 200 day simple moving average of $19.58.

Navient Co. SR NT 6% 121543 Company Profile

Navient Co SR NT 6% 121543 (NASDAQ:JSM) is a series of senior unsecured notes issued by Navient Corporation. The notes carry a fixed annual interest rate of 6.00% and mature on December 15, 2043. As unsecured obligations, they rank pari passu with all of Navient’s other unsubordinated debt and are structurally subordinated to any secured borrowings.

Interest on these notes is payable semi-annually on June 15 and December 15 of each year. Beginning December 15, 2023, Navient has the option to redeem the notes, in whole or in part, at a specified redemption price plus accrued interest, subject to the terms set forth in the governing indenture under which the notes were issued and trade under the ticker symbol JSM.

Navient Corporation, the issuer behind this debt issue, provides asset management and business processing solutions to education loan portfolios in the United States.