Navient Corporation (NASDAQ:NAVI) will begin trading ex-dividend on September 3, 2020. The quarterly dividend payment of $ 0.16 per share is scheduled to be paid on September 18, 2020. The dividend yield based on the latest trading day closing price was 6.87 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Navient Corporation recently reported second quarter financial results on July 21, 2020, after market close, the Wilmington based company posted income for the second quarter of $ 0.91 per share, from the revenue of $ 329.00 million. The quarterly earnings hiked 22.97 percent while revenues enlarged 11.15 percent compared with the same quarter last year.
According to street consensus, NAVI was expected to report 2Q20 income of $ 0.46 per share from revenue of $ 272.00 million. The bottom line results beat street analysts by $ 0.45 or 97.83 percent, at the same time, top line results outshined analysts by $ 57.00 million or 20.96 percent.
Stock Performance
Shares of Navient Corporation traded up $ 0.10 or 1.09 percent on Friday, reaching $ 9.31 with volume of 1.29 million shares. Navient Corporation has traded high as $ 9.33 and has cracked $ 9.15 on the downward trend
According to the previous trading day, closing price of $ 9.31, representing a 126.29 % increase from the 52 week low of $ 4.07 and a 40.58 % decrease over the 52 week high of $ 15.50.
The company has a market capital of $ 1.81 billion and is part of the Financial Services sector and Credit Services industry.
Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.
