Navient Corporation (NAVI) to Issue Quarterly Dividend of $0.16 on December 19th

Navient Corporation (NASDAQ:NAVI) declared a quarterly dividend on Wednesday, November 12th. Shareholders of record on Friday, December 5th will be given a dividend of 0.16 per share by the credit services provider on Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, December 5th.

Navient has a payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Navient to earn $1.41 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 45.4%.

Navient Stock Performance

NASDAQ:NAVI opened at $12.20 on Friday. The company has a quick ratio of 9.41, a current ratio of 9.41 and a debt-to-equity ratio of 16.98. Navient has a twelve month low of $10.53 and a twelve month high of $16.07. The company has a fifty day moving average of $12.64 and a 200-day moving average of $13.26. The firm has a market capitalization of $1.19 billion, a P/E ratio of -22.59 and a beta of 1.33.

Navient (NASDAQ:NAVI) last issued its earnings results on Monday, February 28th. The credit services provider reported $0.97 earnings per share (EPS) for the quarter. Navient had a negative net margin of 1.48% and a positive return on equity of 4.12%. The business had revenue of $511.00 million for the quarter. As a group, sell-side analysts anticipate that Navient will post 1.04 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley cut their price target on Navient from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, July 31st. Cowen restated a “sell” rating on shares of Navient in a research note on Thursday, October 30th. JPMorgan Chase & Co. lowered their price objective on shares of Navient from $14.00 to $12.50 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Keefe, Bruyette & Woods reduced their price objective on shares of Navient from $15.00 to $14.50 and set a “market perform” rating for the company in a report on Wednesday, October 1st. Finally, Wall Street Zen cut shares of Navient from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $12.83.

Navient Company Profile

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.