Navient Co. (NAVI) to Distribute Quarterly Dividend of $0.16 on March 21st

Navient Co. (NASDAQ:NAVI) declared a quarterly dividend on Friday, February 21st, RTT News reports. Shareholders 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 yield of 4.56%.

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

Shares of NAVI stock opened at $14.02 on Friday. The firm has a market cap of $1.51 billion, a P/E ratio of 12.09 and a beta of 1.43. The company has a debt-to-equity ratio of 16.35, a current ratio of 9.48 and a quick ratio of 9.49. Navient has a 1-year low of $12.73 and a 1-year high of $17.56. The firm has a fifty day moving average of $13.74 and a two-hundred day moving average of $14.80.

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

Wall Street Analysts Forecast Growth

NAVI has been the subject of several research reports. Seaport Res Ptn raised shares of Navient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their price target on shares of Navient from $15.00 to $13.50 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Bank of America decreased their price target on shares of Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. TD Cowen decreased their price target on shares of Navient from $14.00 to $13.00 and set a “sell” rating for the company in a report on Friday, November 1st. Finally, StockNews.com lowered shares of Navient from a “buy” rating to a “hold” rating in a research note 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.90.

About Navient

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.