Navient Corp (NASDAQ:NAVI) Plans $0.16 Quarterly Dividend

Navient Corp (NASDAQ:NAVI) announced a quarterly dividend on Thursday, November 14th, Zacks reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.16 per share by the credit services provider on Friday, December 20th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend is Thursday, December 5th.

Shares of NAVI opened at $13.90 on Wednesday. The company’s 50 day moving average price is $13.71 and its 200 day moving average price is $13.31. Navient has a 52 week low of $8.23 and a 52 week high of $15.67. The company has a market capitalization of $3.17 billion, a PE ratio of 6.65, a PEG ratio of 0.23 and a beta of 2.14. The company has a debt-to-equity ratio of 26.07, a quick ratio of 13.16 and a current ratio of 13.16.

Navient (NASDAQ:NAVI) last released its earnings results on Tuesday, October 22nd. The credit services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The company had revenue of $312.00 million during the quarter, compared to the consensus estimate of $295.33 million. Navient had a net margin of 8.80% and a return on equity of 17.50%. During the same quarter in the prior year, the firm earned $0.53 EPS. On average, equities analysts forecast that Navient will post 2.52 earnings per share for the current fiscal year.

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

Navient Company Profile

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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