Navient Corporation (NASDAQ:NAVI) Shareholders Set to Receive $0.16 Quarterly Dividend

Navient Corporation (NASDAQ:NAVI) declared a quarterly dividend on Wednesday, November 11th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.16 per share by the credit services provider on Friday, December 18th. This represents a $0.64 annualized dividend and a dividend yield of 10.8%. The ex-dividend date is Friday, December 4th.

Navient has a payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Navient to earn $0.97 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 66.0%.

Navient Price Performance

Shares of NAVI stock opened at $5.92 on Thursday. The company has a quick ratio of 10.53, a current ratio of 7.50 and a debt-to-equity ratio of 15.37. The company has a market cap of $555.18 million, a P/E ratio of 11.17 and a beta of 1.17. Navient has a twelve month low of $5.91 and a twelve month high of $13.48. The business has a fifty day simple moving average of $9.02 and a 200 day simple moving average of $8.79.

Navient (NASDAQ:NAVI) last posted its earnings results on Wednesday, November 4th. The credit services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). The company had revenue of $308.00 million for the quarter, compared to the consensus estimate of $144.92 million. Navient had a return on equity of 3.65% and a net margin of 1.79%. During the same period in the previous year, the firm posted ($0.84) EPS. On average, sell-side analysts forecast that Navient will post 0.69 EPS for the current fiscal year.

Navient Company Profile

Navient is a U.S.-focused education finance company whose business has centered on managing student loan portfolios and providing loan servicing. Its services have included payment processing, borrower account support and repayment assistance for federal and private education loans, as well as asset-recovery and business-processing services. The company was formed in 2014 through the separation of SLM Corporation, commonly known as Sallie Mae. Navient later transferred federal student loan servicing operations to other providers, including a transfer to Maximus in 2021 and an agreement to move its remaining federal servicing accounts to MOHELA in 2024.