Navient declares first quarter common stock dividend

Rhea-AI Summary

Navi (Nasdaq: NAVI) announced a first quarter 2022 dividend of $0.16 per share for its common stock. The dividend will be payable on March 18, 2022, to shareholders of record as of the close of business on March 4, 2022. This decision reflects Navient's ongoing commitment to providing value to its shareholders while continuing to support its clients in education loan management and business processing solutions.

Positive

• Dividend of $0.16 per share enhances shareholder value.
• Dividends are a sign of company stability and confidence.

Negative

• None.

WILMINGTON, Del., Feb. 24, 2022 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in education loan management and business processing solutions, announced that its board of directors approved a 2022 first quarter dividend of $0.16 per share on the company's common stock.

The first quarter 2022 dividend will be paid on March 18, 2022, to shareholders of record at the close of business on March 4, 2022.

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. Navient helps 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: Nathan Rutledge, 703-984-6801, nathan.rutledge@navient.com

FAQ

What is the dividend amount announced by Navient?

The dividend amount announced is $0.16 per share.

When will the Navient dividend be paid?

The Navient dividend will be paid on March 18, 2022.

What is the record date for Navient shareholders to receive the dividend?

The record date for Navient shareholders is March 4, 2022.