Navient Co. Announces Quarterly Dividend of $0.16 (NASDAQ:NAVI)

Navient Co. (NASDAQ:NAVI - Get Free Report) announced a quarterly dividend on Friday, February 21st, RTT News reports. Stockholders of record on Wednesday, May 7th will be paid a dividend of 0.16 per share by the credit services provider on Friday, March 21st. This represents a $0.64 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Friday, March 7th.

Navient has a dividend payout ratio of 45.1% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

NAVI stock traded up $0.03 during trading on Tuesday, reaching $14.02. The company's stock had a trading volume of 658,486 shares, compared to its average volume of 824,019. The company's fifty day moving average is $13.72 and its 200-day moving average is $14.80. Navient has a 1 year low of $12.73 and a 1 year high of $17.56. The company has a market capitalization of $1.51 billion, a P/E ratio of 12.09 and a beta of 1.43. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35.

Navient (NASDAQ:NAVI - Get Free Report) last released its earnings results on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Navient had a return on equity of 6.69% and a net margin of 2.96%. On average, research analysts expect that Navient will post 1.04 earnings per share for the current fiscal year.

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Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NAVI shares. Bank of America lowered their target price on shares of Navient from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, December 24th. Seaport Res Ptn raised shares of Navient from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. TD Cowen cut their price objective on Navient from $14.00 to $13.00 and set a "sell" rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. decreased their target price on Navient from $15.00 to $13.50 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Finally, StockNews.com cut Navient from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Navient currently has a consensus rating of "Hold" and a consensus price target of $13.90.

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.