Navient Co. SR NT 6% 121543 (NASDAQ:JSM – Get Free Report) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 3,759 shares, a drop of 39.6% from the July 30th total of 6,225 shares. Based on an average daily trading volume, of 13,652 shares, the short-interest ratio is presently 0.3 days.
Navient Co. SR NT 6% 121543 Trading Down 1.2%
Shares of JSM traded down $0.22 during mid-day trading on Wednesday, reaching $18.01. The company’s stock had a trading volume of 8,570 shares, compared to its average volume of 13,334. The company’s fifty day moving average price is $17.80 and its two-hundred day moving average price is $18.33. Navient Co. SR NT 6% 121543 has a 52 week low of $17.24 and a 52 week high of $20.65.
Navient Co. SR NT 6% 121543 Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, September 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, September 14th.
About Navient Co. SR NT 6% 121543
Navient Co SR NT 6% 121543 (NASDAQ:JSM) is a series of senior unsecured notes issued by Navient Corporation. The notes carry a fixed annual interest rate of 6.00% and mature on December 15, 2043. As unsecured obligations, they rank pari passu with all of Navient’s other unsubordinated debt and are structurally subordinated to any secured borrowings.
Interest on these notes is payable semi-annually on June 15 and December 15 of each year. Beginning December 15, 2023, Navient has the option to redeem the notes, in whole or in part, at a specified redemption price plus accrued interest, subject to the terms set forth in the governing indenture under which the notes were issued and trade under the ticker symbol JSM.
Navient Corporation, the issuer behind this debt issue, provides asset management and business processing solutions to education loan portfolios in the United States.
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