Navient announced on May 25, 2023 that it will pay a regular quarterly dividend of $0.16 per share, which amounts to $0.64 annually. This is the same amount the company paid previously.
To enjoy the dividend, investors need to purchase shares before June 1, 2023 – the ex-dividend date. On June 16, 2023, shareholders of record at the close of business on June 2, 2023, will receive the payment.
At the current share price of $15.55 per share, the stock’s dividend yield stands at 4.12%.
Over the past five years, when we sampled every week, the average dividend yield was 4.96%. The lowest was 2.73%, and the highest was 10.56%. The standard deviation of yields is 1.57 out of a sample of 237.
The current dividend yield is 0.54 standard deviations below the historical average.
Navient’s dividend payout ratio is 0.16. The payout ratio indicates what percentage of a company’s income goes out as dividends to shareholders. A payout ratio of one (1.0) means that 100% of the company’s income is paid in dividends. A payout ratio greater than one means that the company is drawing from savings to sustain its dividend, which is not a healthy situation. Firms with limited growth prospects generally pay out most of their revenue as dividends, translating into a payout ratio between 0.5 and 1.0. Companies with good growth potential are anticipated to save some of their revenue for investment, leading to a payout ratio of zero to 0.5.
Navient has not raised its dividend in the last three years.
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What is the Fund Sentiment?
627 funds or institutions are reporting their position in Navient, an increase of 5 owners or 0.80% in the last quarter. The average portfolio weight for all funds dedicated to NAVI is 0.13%, a jump of 9.73%. Total institutional ownership of shares fell by 2.87% over the past three months to 130,367K shares. 
Navient’s put/call ratio is 12.23, which indicates a bearish outlook.
Analyst Price Forecast Suggests 20.62% Upside
As of May 11, 2023, the average price target for Navient over one year is $18.76. With forecasts ranging from $16.16 to $23.10, the average price target reflects a 20.62% gain from the most recent closing price of $15.55.
Check out our leaderboard of companies with the largest potential upside targets.
Navient’s anticipated annual revenue is $917MM, a drop of 36.73%. The anticipated annual non-GAAP EPS is $2.96.
What are Other Shareholders Doing?
Sherborne Investors Management holds 29,450K shares, which represents 23.29% of the company. There has been no change in the past quarter.
Lsv Asset Management holds 6,325K shares, representing 5.00% of the company. According to its prior filing, the company reported owning 6,636K shares, which is a decrease of 4.92%. Over the last quarter, the company reduced its portfolio allocation in NAVI by 5.78%.
DFSVX – U.s. Small Cap Value Portfolio – Institutional Class holds 3,578K shares representing 2.83% ownership of the company. In its prior filing, the firm reported owning 3,686K shares, representing a decrease of 3.00%. The company increased its portfolio allocation in NAVI by 18.25% over the last quarter.
IJH – iShares Core S&P Mid-Cap ETF holds 3,128K shares representing 2.47% ownership of the company. According to its prior filing, the firm reported owning 3,267K shares, representing a decrease of 4.42%. The company reduced its portfolio allocation in NAVI over the previous quarter by 10.91%.
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