Welcome to our dedicated page for Navient Corporation news (Ticker: NAVI), a resource for investors and traders seeking the latest updates and insights on Navient Corporation stock.
Navient Corporation (Nasdaq: NAVI) is the nation’s leading loan management, servicing, and asset recovery company. Headquartered in Herndon, Virginia, Navient supports the educational and economic achievements of over 12 million Americans by managing more than $300 billion in student loans. The company operates in three primary segments: Federal Education Loans, Consumer Lending, and Business Processing.
Navient provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions achieve financial success. Their customer-focused, data-driven approach delivers exceptional results for clients in education, healthcare, and government sectors.
Recent strategic actions have been taken to streamline operations and enhance flexibility. This includes outsourcing student loan servicing to MOHELA, exploring strategic options for the business processing division, and reshaping shared services to align with a more focused business model. These measures are expected to reduce the company's expense base and increase operational efficiency.
Navient is committed to transparency and regular communication with stakeholders. The company hosts quarterly earnings calls and provides detailed financial updates. For instance, Navient will hold a live audio webcast on April 24, 2024, to review its first-quarter financial results. This webcast, hosted by senior executives, will offer insights into the company's performance and strategic direction.
For more information, visit Navient.com.
On May 25, 2022, Xtend Healthcare, a revenue cycle management company under Navient (NAVI), announced that its Prism applications and the Finvi FACS application achieved HITRUST Risk-based, 2-year Certification for information security. This certification demonstrates compliance with stringent regulatory and industry requirements, enhancing the company's capability in risk management and data protection. Xtend Healthcare aims to meet evolving compliance demands while reassuring clients about their commitment to high-quality data protection standards.
Navient (Nasdaq: NAVI) announced a second-quarter dividend of $0.16 per share, reflecting the company's commitment to returning value to shareholders. The dividend payment will be made on June 17, 2022, to shareholders on record as of June 3, 2022. This announcement highlights Navient's focus on providing technology-enabled education finance and business processing solutions aimed at enhancing customer success.
Navient (NAVI) partners with the Boys & Girls Club of Delaware to host free college planning conferences aimed at helping families prepare for higher education. Scheduled for May 7 and 14, 2022, these events will cover financial aid, the Delaware SEED Scholarship Program, and more. Attendees will have access to regional colleges, receive snacks and prizes, and have a chance to win college scholarships. The initiative underscores Navient's commitment to youth financial preparedness and successful postsecondary education outcomes.
Navient (NASDAQ: NAVI) announced its first-quarter financial results for 2022, signaling its ongoing leadership in technology-enabled education finance. The company will discuss these results in a conference call on April 27, 2022, at 8 a.m. ET, led by President and CEO Jack Remondi and CFO Joe Fisher. Interested participants can join using the provided dial-in numbers or access the live audio webcast. The results will be fully accessible on Navient's investor website and through SEC filings.
On April 21, 2022, Navient (Nasdaq: NAVI) announced that board member Katherine A. Lehman will not seek reelection during the upcoming annual shareholders' meeting. Lehman, with the company since 2014, cited increased responsibilities at Palladium Equity Partners as the reason for her decision. Navient's President and CEO, Jack Remondi, acknowledged her contributions, highlighting her value to the organization. The company continues to focus on technology-enabled education finance and business processing solutions.
Navient Corporation (Nasdaq: NAVI) has announced that its Board of Directors will nominate Edward Bramson, a Sherborne Investors partner, for election at the upcoming annual meeting on June 2, 2022. Linda Mills, Navient’s Board Chair, expressed confidence in Bramson’s leadership and track record of enhancing shareholder value. Bramson, who has experience as chairman or CEO of several publicly traded companies, is committed to working towards the best interests of Navient’s stakeholders.
Navient (Nasdaq: NAVI) will release its 2022 first quarter financial results on April 26, 2022, after market close. The company will hold a conference call on April 27, 2022, at 8 a.m. ET to discuss these results. Investors can access the results through a news release and on the SEC website. Dial-in information for the conference call is provided, and a replay will be available post-call. Navient specializes in education loan management and business processing solutions for various clients.
Navient is sponsoring the USS Delaware submarine commissioning event on April 2, 2022, in Wilmington, marking the first such naming in nearly a century. The company emphasizes its commitment to supporting military personnel and veterans through employment opportunities. Additionally, Navient has received four 2022 Military Friendly designations for the eighth consecutive year, recognizing its efforts in assisting military communities. The event will also be livestreamed for public access.
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.
Duncan Solutions, part of Navient, has announced its sponsorship of the Boys & Girls Clubs of Metro Los Angeles’ Transportation Program. This partnership aims to transport at least 50 additional youths daily to their club in Watts amid rising local violence. The initiative focuses on facilitating access to after-school programs, including sports and field trips. In 2021, Navient and Duncan supported the launch of career exploration tools for youth, highlighting their commitment to community mobility challenges and youth empowerment in Los Angeles.
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