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 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 and asset recovery services on its own loan portfolio, as well as asset recovery services on FFELP loans owned by other institutions. It also owns, originates, acquires, and services refinance and in-school private education loans; and offers healthcare services that include revenue cycle outsourcing, accounts receivable management, extended business office support, consulting engagement, and public health programs, as well as business processing services to state governments, agencies, court systems, municipalities, and parking and tolling authorities. In addition, the company provides customizable solutions for its clients that include hospitals, hospital systems, medical centers, large physician groups, other healthcare providers, and public health departments; and corporate liquidity portfolio services. Navient Corporation was founded in 1973 and is headquartered in Wilmington, Delaware.
Navient Dividend Announcement
• Navient announced a quarterly dividend of $0.16 per ordinary share which will be made payable on 2024-09-20. Ex dividend date: 2024-09-06
• Navient annual dividend for 2024 was $0.48
• Navient annual dividend for 2023 was $0.64
• Navient's trailing twelve-month (TTM) dividend yield is 5.31%
• Navient's payout ratio for the trailing twelve months (TTM) is 38.71%
Navient Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-06 | $0.16 | quarterly | 2024-09-20 |
2024-06-07 | $0.16 | quarterly | 2024-06-21 |
2024-02-29 | $0.16 | quarterly | 2024-03-15 |
2023-11-30 | $0.16 | quarterly | 2023-12-15 |
2023-08-31 | $0.16 | quarterly | 2023-09-15 |
2023-06-01 | $0.16 | quarterly | 2023-06-16 |
2023-03-02 | $0.16 | quarterly | 2023-03-17 |
2022-12-01 | $0.16 | quarterly | 2022-12-16 |
2022-09-01 | $0.16 | quarterly | 2022-09-16 |
2022-06-02 | $0.16 | quarterly | 2022-06-17 |
2022-03-03 | $0.16 | quarterly | 2022-03-18 |
2021-12-02 | $0.16 | quarterly | 2021-12-17 |
2021-09-02 | $0.16 | quarterly | 2021-09-17 |
2021-06-03 | $0.16 | quarterly | 2021-06-18 |
2021-03-04 | $0.16 | quarterly | 2021-03-19 |
2020-12-03 | $0.16 | quarterly | 2020-12-18 |
2020-09-03 | $0.16 | quarterly | 2020-09-18 |
2020-06-04 | $0.16 | quarterly | 2020-06-19 |
2020-03-05 | $0.16 | quarterly | 2020-03-20 |
2019-12-05 | $0.16 | quarterly | 2019-12-20 |
2019-09-05 | $0.16 | quarterly | 2019-09-20 |
2019-06-06 | $0.16 | quarterly | 2019-06-21 |
2019-02-28 | $0.16 | quarterly | 2019-03-15 |
2018-12-06 | $0.16 | quarterly | 2018-12-21 |
2018-09-06 | $0.16 | quarterly | 2018-09-21 |
2018-05-31 | $0.16 | quarterly | 2018-06-15 |
2018-03-01 | $0.16 | quarterly | 2018-03-16 |
2017-11-30 | $0.16 | quarterly | 2017-12-15 |
2017-08-30 | $0.16 | quarterly | 2017-09-15 |
2017-05-31 | $0.16 | quarterly | 2017-06-16 |
2017-03-01 | $0.16 | quarterly | 2017-03-17 |
2016-11-30 | $0.16 | quarterly | 2016-12-16 |
2016-08-31 | $0.16 | quarterly | 2016-09-16 |
2016-06-01 | $0.16 | quarterly | 2016-06-17 |
2016-03-02 | $0.16 | quarterly | 2016-03-18 |
2015-12-02 | $0.16 | quarterly | 2015-12-18 |
2015-09-02 | $0.16 | quarterly | 2015-09-18 |
2015-06-03 | $0.16 | quarterly | 2015-06-19 |
2015-03-04 | $0.16 | quarterly | 2015-03-20 |
2014-12-03 | $0.15 | quarterly | 2014-12-19 |
2014-09-10 | $0.15 | quarterly | 2014-09-26 |
2014-06-04 | $0.15 | quarterly | 2014-06-20 |
Navient Dividend per year
Navient Dividend growth
Navient Dividend Yield
Navient current trailing twelve-month (TTM) dividend yield is 5.31%. Interested in purchasing Navient stock? Use our calculator to estimate your expected dividend yield:
Navient Financial Ratios
Navient Dividend FAQ
Other factors to consider when evaluating Navient as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Navient's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Navient publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Navient distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Navient are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Navient sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Navient distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Navient declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Navient's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Navient's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.