Navient declares second quarter common stock dividend

Rhea-AI Summary

Navient (NAVI) has announced a second quarter dividend of $0.16 per share, approved by its board on May 21, 2020. This dividend will be paid on June 19, 2020, to shareholders of record by June 5, 2020. As a leader in education loan management and business processing solutions, Navient provides essential services to clients, helping millions of Americans achieve financial success. This dividend reflects the company's ongoing commitment to returning value to shareholders.

Positive

• Dividend of $0.16 per share approved, reflecting commitment to shareholder returns.
• Strong position as a leader in education loan management.

Negative

• None.

News Market Reaction

-2.92%

1 alert

-2.92% News Effect

On the day this news was published, NAVI declined 2.92%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

WILMINGTON, Del., May 21, 2020 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in education loan management and business processing solutions, announced that its board of directors approved a 2020 second quarter dividend of $0.16 per share on the company's common stock.

The second quarter 2020 dividend will be paid on June 19, 2020, to shareholders of record at the close of business on June 5, 2020.

About Navient
Navient (Nasdaq: NAVI) is a leading provider of education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels. We help our clients and millions of Americans achieve success through technology-enabled financing, services, and support. Learn more at Navient.com.

Contact:
Media: Paul Hartwick, 302-283-4026, paul.hartwick@navient.com

Investors: Joe Fisher, 302-283-4075, joe.fisher@navient.com
Nathan Rutledge, 703-984-6801, nathan.rutledge@navient.com

NAVICF

FAQ

What is the dividend amount for Navient (NAVI) in 2020?

The dividend amount for Navient (NAVI) in 2020 is $0.16 per share.

When will the dividend for Navient (NAVI) be paid in 2020?

The dividend will be paid on June 19, 2020.

What is the record date for Navient's (NAVI) dividend in 2020?

The record date for Navient's (NAVI) dividend is June 5, 2020.

How often does Navient (NAVI) pay dividends?

Navient typically pays dividends quarterly, as demonstrated by their recent announcement.

Is the dividend from Navient (NAVI) sustainable?

While the recent dividend reflects a commitment to shareholders, ongoing sustainability depends on the company's financial performance.