Navient Corporation dividend yield – Navient Corp Announces 0.16 Cash Dividend
June 20, 2023
🌥️Dividends Yield
On June 1 2023, NAVIENT CORPORATION ($NASDAQ:NAVI) announced a 0.16 USD cash dividend per share. For the last three years, the company has consistently paid an annual dividend per share of 0.64 USD. The dividend yield from 2021 to 2023 has ranged from 3.86% to 3.57%, with an average yield of 3.78%. If you are looking for dividend stocks, NAVIENT CORPORATION may be a great choice for your portfolio, with the ex-dividend date of June 1 2023.
The steady dividend payout and attractive yield make it a safe and reliable stock for income-oriented investors. With its strong financial performance over the last few years, NAVIENT CORPORATION is well-positioned to continue to pay a handsome dividend in the future.
Market Price
On Thursday, NAVIENT CORPORATION announced a cash dividend of 0.16, causing its stock price to surge. NAVIENT opened the day at $15.2 and closed at $15.6, up by 3.0% from its previous closing price of $15.2. This dividend marks NAVIENT’s commitment to reward its shareholders through more than just appreciation of its stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Navient Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.5k | 501 | 36.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Navient Corporation. More…
| Operations | Investing | Financing |
| 559 | 10.68k | -11.68k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Navient Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 66.91k | 63.95k | 23.31 |
Key Ratios Snapshot
Some of the financial key ratios for Navient Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.7% | – | – |
| FCF Margin | ROE | ROA |
| 37.3% | 13.5% | 0.6% |
Analysis
As part of our analysis of NAVIENT CORPORATION‘s financials, we looked at the company’s Star Chart. We found that NAVIENT CORPORATION is strong in dividend, and weak in asset, growth, and profitability. When we look at its overall health score of 5/10, we conclude that it is likely to safely ride out any potential crisis without the risk of bankruptcy. In light of this data, we have classified NAVIENT CORPORATION as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. This type of company may be attractive to investors who are looking for steady returns and a reliable income stream. Additionally, investors who are interested in reliable dividend payments without significant risk may also be interested in NAVIENT CORPORATION. More…
Peers
It is a for-profit company and one of the four largest providers of student loans in the United States. The other three companies are SLM Corp, Nelnet Inc, and Capital Trade Links Ltd.
– SLM Corp ($NASDAQ:SLM)
SLM Corp is a financial services company that specializes in student loan management and servicing. The company has a market cap of $3.88 billion as of 2022. SLM Corp is headquartered in Newark, Delaware and has operations in the United States, Puerto Rico, and the United Kingdom. The company services over $300 billion in student loans for over 10 million borrowers.
– Nelnet Inc ($NYSE:NNI)
Nelnet is a publicly traded student loan servicing company headquartered in Lincoln, Nebraska. Nelnet serviced $247 billion in student loans as of December 31, 2019. It is the second largest student loan servicer in the United States behind Navient. The company also provides Tuition Payment Plans and Guaranteed Asset Protection insurance.
– Capital Trade Links Ltd ($BSE:538476)
As of 2022, Capital Trade Links Ltd has a market cap of 833.6M and a ROE of 4.14%. The company is engaged in the business of providing trade financing and support services to clients in the international trade market. It offers a range of services including trade financing, export financing, import financing, and risk management. The company has a strong focus on providing quality services to its clients and has a reputation for being a reliable and trustworthy partner in the international trade market.
Summary
Investing in NAVIENT CORPORATION is an attractive opportunity based on its relatively high dividend yield. Over the past three years, NAVIENT CORPORATION has maintained an average dividend yield of 3.78%, ranging from 3.86% to 3.57%. This can provide investors with an incentive to purchase shares in the company for the potential reward of a steady income stream. Furthermore, by keeping track of NAVIENT CORPORATION’s performance, investors may be able to identify any potential improvements or changes that could positively affect their investments.
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