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.
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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