Navient Corp (NASDAQ:NAVI) Investors of record on Friday, March 1st will be paid a dividend of 0.16 per share by the credit services provider on Friday, March 15th. This represents a $0.64 annualized dividend and a dividend yield of 5.63%. The ex-dividend date is Thursday, February 28th.
Navient has raised its dividend by an average of 10.1% annually over the last three years. Navient has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Navient to earn $2.05 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 31.2%.
Get Navient alerts: Shares of NASDAQ NAVI traded down $0.05 hitting $11.37. The stock had a trading volume of 1,455,285 shares, 2,065,926. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 5.44 and a beta of 2.30. Navient has a 52 week low of $8.23 and a 52 week high of $15.02. The company has a debt-to-equity ratio of 26.37, a quick ratio of 19.74 and a current ratio of 17.67.
Navient (NASDAQ:NAVI) last announced its quarterly earnings results on Tuesday, January 22nd. The credit services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.11. The business had revenue of $307.00 million during the quarter, compared to analysts’ expectations of $315.67 million. Navient had a return on equity of 14.08% and a net margin of 7.04%. During the same quarter in the previous year, the business posted $0.43 EPS. On average, analysts predict that Navient will post 1.96 EPS for the current year.
NAVI has been the subject of several recent research reports. Zacks Investment Research raised Navient from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Monday, December 3rd. Citigroup decreased their target price on Navient from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, October 25th. Barclays set a $14.00 target price on Navient and gave the stock a “buy” rating in a research report on Friday, December 14th. BidaskClub raised Navient research report on Friday, January 25th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Navient in a research report on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.79.
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Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.
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