Navient declares first quarter common stock dividend

Rhea-AI Summary

Navient (Nasdaq: NAVI) announced the approval of a first-quarter dividend of $0.16 per share for 2023. The dividend is set to be paid on March 17, 2023, to shareholders recorded as of March 3, 2023. This decision underscores Navient's commitment to returning value to its shareholders and reflects its robust financial position.

Positive

• Approval of a dividend of $0.16 per share, signaling financial health and confidence.
• Dividend payment date set for March 17, 2023, enhancing shareholder returns.

Negative

• None.

WILMINGTON, Del., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, announced that its board of directors approved a 2023 first quarter dividend of $0.16 per share on the company's common stock.

The first quarter 2023 dividend will be paid on March 17, 2023, to shareholders of record at the close of business on March 3, 2023.

About Navient
Navient (Nasdaq: NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in education, healthcare, and government. Learn more at navient.com.

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

Investors: Jen Earyes, 703-984-6801, jen.earyes@navient.com 

FAQ

What is the dividend amount announced by Navient for Q1 2023?

Navient announced a dividend of $0.16 per share for the first quarter of 2023.

When will Navient's Q1 2023 dividend be paid?

The dividend will be paid on March 17, 2023.

What is the record date for Navient's dividend?

The record date for shareholders to receive the dividend is March 3, 2023.

How does Navient's dividend impact shareholders?

The dividend reflects Navient's commitment to shareholder returns and financial stability.