Navient Corp (NAVI) Declares $0.16 Quarterly Dividend

Navient Corp (NASDAQ:NAVI) announced a quarterly dividend on Tuesday, February 6th, Wall Street Journal reports. Shareholders of record on Friday, March 2nd will be paid a dividend of 0.16 per share by the credit services provider on Friday, March 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend is Thursday, March 1st.

Shares of Navient (NASDAQ:NAVI) traded up $0.13 on Tuesday, hitting $13.76. The stock had a trading volume of 3,962,859 shares, compared to its average volume of 3,384,498. Navient has a one year low of $11.48 and a one year high of $16.97. The company has a market cap of $3,737.40, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.24 and a beta of 2.30. The company has a quick ratio of 33.10, a current ratio of 22.41 and a debt-to-equity ratio of 30.13.

Navient (NASDAQ:NAVI) last announced its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. Navient had a return on equity of 13.90% and a net margin of 5.94%. The company had revenue of $366.00 million during the quarter, compared to analysts’ expectations of $362.33 million. During the same period in the prior year, the company earned $0.43 EPS. research analysts anticipate that Navient will post 1.91 earnings per share for the current fiscal year.

In related news, SVP Stephen M. Hauber sold 17,423 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $14.40, for a total transaction of $250,891.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.68% of the stock is owned by company insiders.

A number of research analysts have recently commented on NAVI shares. Citigroup started coverage on Navient in a research note on Monday, October 16th. They issued a “buy” rating and a $20.00 price target for the company. Barclays reiterated an “overweight” rating and issued a $17.00 price target on shares of Navient in a research note on Tuesday, November 14th. Zacks Investment Research cut Navient from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. BMO Capital Markets dropped their price target on Navient from $16.00 to $14.00 and set a “market perform” rating for the company in a research note on Thursday, October 19th. Finally, Jefferies Group reiterated a “hold” rating and issued a $16.00 price target on shares of Navient in a research note on Monday, October 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Navient has an average rating of “Hold” and a consensus target price of $17.45.

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Navient Company Profile

Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).

Dividend History for Navient (NASDAQ:NAVI)

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