Navient declares first quarter common stock dividend

Rhea-AI Summary

Navient (Nasdaq: NAVI) has announced a first-quarter dividend of $0.16 per share, to be paid on March 19, 2021. Shareholders recorded by the close of business on March 5, 2021 will receive this dividend. As a leader in education loan management, Navient aims to support clients through technology-enabled solutions. This marks another commitment to enhancing shareholder value.

Positive

• Dividend of $0.16 per share demonstrates commitment to returning value to shareholders.
• Scheduled payment date enhances predictability for investors.

Negative

• None.

WILMINGTON, Del., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in education loan management and business processing solutions, announced that its board of directors approved a 2021 first quarter dividend of $0.16 per share on the company's common stock.

The first quarter 2021 dividend will be paid on March 19, 2021, to shareholders of record at the close of business on March 5, 2021.

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 for Navient in Q1 2021?

Navient has declared a dividend of $0.16 per share for the first quarter of 2021.

When will the dividend be paid to Navient shareholders?

The dividend will be paid on March 19, 2021.

What is the record date for Navient's Q1 2021 dividend?

The record date for the dividend is March 5, 2021.

How does the dividend impact Navient's stock performance?

The dividend indicates Navient's commitment to returning value to shareholders, which can positively influence stock performance.

Is the dividend for Navient sustainable?

The sustainability of the dividend depends on Navient's ongoing financial performance and cash flow management.