Navient's most recent quarterly dividend of $0.16 per share was on Dec 1, 2022 (ex-date). The annualized payout of $0.64 per share represents a current dividend yield of 3.44%.
Navient's dividend yield of 3.44% is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 2.72%, Navient's dividend yield is 26% higher. The current dividend yield is below the historical average of 4.9% of the last 5 years.
Navient has a history of paying dividends since 2014. Our records of NAVI show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has remained the same for the last twelve months. But since the stock price has gone up by 13% from a year ago, the dividend yield has decreased by 11%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Dec 1, 2022 | Dec 16, 2022 | Nov 16, 2022 | $0.16 | normal |
| Sep 1, 2022 | Sep 16, 2022 | Aug 11, 2022 | $0.16 | normal |
| Jun 2, 2022 | Jun 17, 2022 | $0.16 | normal | |
| Mar 3, 2022 | Mar 18, 2022 | Feb 25, 2022 | $0.16 | normal |
| Dec 2, 2021 | Dec 17, 2021 | Nov 22, 2021 | $0.16 | normal |
| Sep 2, 2021 | Sep 17, 2021 | Aug 11, 2021 | $0.16 | normal |
| Jun 3, 2021 | Jun 18, 2021 | May 20, 2021 | $0.16 | normal |
| Mar 4, 2021 | Mar 19, 2021 | Feb 4, 2021 | $0.16 | normal |
| Dec 3, 2020 | Dec 18, 2020 | Nov 12, 2020 | $0.16 | normal |
| Sep 3, 2020 | Sep 18, 2020 | Aug 7, 2020 | $0.16 | normal |
| Jun 4, 2020 | Jun 19, 2020 | May 21, 2020 | $0.16 | normal |
| Mar 5, 2020 | Mar 20, 2020 | Feb 6, 2020 | $0.16 | normal |
| Dec 5, 2019 | Dec 20, 2019 | Nov 14, 2019 | $0.16 | normal |
| Sep 5, 2019 | Sep 20, 2019 | Aug 8, 2019 | $0.16 | normal |
| Jun 6, 2019 | Jun 21, 2019 | May 22, 2019 | $0.16 | normal |
| Feb 28, 2019 | Mar 15, 2019 | Feb 5, 2019 | $0.16 | normal |
| Dec 6, 2018 | Dec 21, 2018 | Nov 8, 2018 | $0.16 | normal |
| Sep 6, 2018 | Sep 21, 2018 | Aug 9, 2018 | $0.16 | normal |
| May 31, 2018 | Jun 15, 2018 | Apr 4, 2018 | $0.16 | normal |
| Mar 1, 2018 | Mar 16, 2018 | Feb 5, 2018 | $0.16 | normal |
| Nov 30, 2017 | Dec 15, 2017 | Nov 14, 2017 | $0.16 | normal |
| Aug 30, 2017 | Sep 15, 2017 | Aug 10, 2017 | $0.16 | normal |
| May 31, 2017 | Jun 16, 2017 | Apr 4, 2017 | $0.16 | normal |
| Mar 1, 2017 | Mar 17, 2017 | Feb 6, 2017 | $0.16 | normal |
| Nov 30, 2016 | Dec 16, 2016 | Oct 6, 2016 | $0.16 | normal |
| Aug 31, 2016 | Sep 16, 2016 | Aug 4, 2016 | $0.16 | normal |
| Jun 1, 2016 | Jun 17, 2016 | Apr 4, 2016 | $0.16 | normal |
| Mar 2, 2016 | Mar 18, 2016 | Jan 26, 2016 | $0.16 | normal |
Navient's payout ratio of 17.3% is below the Financial Services sector and the industry average. If we compare it with its Financial Services sector average of 31.1%, Navient's payout ratio is 44% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CIM Chimera Investment Corp | 15.64% | $1.12 | N/A |
| NAVI Navient Corp | 3.44% | $0.64 | 17.3% |
| SCHW Schwab Charles Corp | 1.12% | $0.84 | 25.4% |
| NNI Nelnet Inc | 1.04% | $0.98 | 7.3% |
Yes, Navient has been paying dividends for the last eight years.
NAVI hasn't announced its next dividend date yet, but if we take into consideration its recent dividend schedule, it is likely that its next dividend will be in March 2023.
Navient's last regular dividend was on Dec 1, 2022 (ex-date) with the amount of $0.16 per share.
NAVI's annualized dividend per share is $0.64.
Currently Navient's dividend yield is 3.44%.
Navient pays four dividends per year.
The dividend payout ratio of Navient is 17.3%.
Navient's dividend yield is above the Financial Services sector average.