Navient Co. SR NT 6% 121543 (NASDAQ:JSM) Stock Price Down 0.2% – What’s Next?

Navient Co. SR NT 6% 121543 (NASDAQ:JSM)’s share price fell 0.2% during mid-day trading on Wednesday . The company traded as low as $17.86 and last traded at $17.98. 21,025 shares traded hands during mid-day trading, an increase of 26% from the average session volume of 16,731 shares. The stock had previously closed at $18.01.

Navient Co. SR NT 6% 121543 Trading Down 0.2%

The company’s fifty day moving average is $19.16 and its 200 day moving average is $19.46.

Navient Co. SR NT 6% 121543 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 12th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 8.3%. The ex-dividend date is Friday, June 12th.

About Navient Co. SR NT 6% 121543

Navient Co SR NT 6% 121543 (NASDAQ:JSM) is a series of senior unsecured notes issued by Navient Corporation. The notes carry a fixed annual interest rate of 6.00% and mature on December 15, 2043. As unsecured obligations, they rank pari passu with all of Navient’s other unsubordinated debt and are structurally subordinated to any secured borrowings.

Interest on these notes is payable semi-annually on June 15 and December 15 of each year. Beginning December 15, 2023, Navient has the option to redeem the notes, in whole or in part, at a specified redemption price plus accrued interest, subject to the terms set forth in the governing indenture under which the notes were issued and trade under the ticker symbol JSM.

Navient Corporation, the issuer behind this debt issue, provides asset management and business processing solutions to education loan portfolios in the United States.