Navient Corporation 6% Senior Notes due December 15, 2043 (JSM)
Navient Corporation 6% Senior Notes due December 15, 2043 (JSM) are long-term debt securities issued by Navient, a leading provider of asset management and loan servicing. These notes offer a fixed interest rate of 6% payable semiannually until maturity, representing the company's funding mechanism for its lending and servicing operations. As senior unsecured debt, they are prioritized over other unsecured obligations in the event of liquidation.
Dividend History
Investors can expect a dividend payout of $0.38 per share, scheduled to be distributed in 54 days on December 15, 2025
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| December 15, 2025 | $0.38 | 2025-12-12 | 2025-12-12 |
| September 15, 2025 | $0.38 | 2025-09-12 | 2025-09-12 |
| June 16, 2025 | $0.38 | 2025-06-13 | 2025-06-13 |
| March 17, 2025 | $0.38 | 2025-03-14 | 2025-03-14 |
| December 16, 2024 | $0.38 | 2024-12-13 | 2024-12-13 |
Dividends Summary
- Navient Corporation 6% Senior Notes due December 15, 2043 has issued 39 dividend payments over the past 10 years
- The most recent dividend was paid 37 days ago, on September 15, 2025
- The highest dividend payed out to investors during this period was $9.38 per share
- The average dividend paid during this period was $0.61 per share.
Company News
The Trump administration has agreed to resume student loan forgiveness for 2.5 million borrowers, reactivating income-driven repayment programs until July 2028. This move could free up approximately $16 billion in consumer spending power, potentially boosting holiday retail sales.
Navient declared a quarterly dividend of $0.16 per share, payable on September 19, 2025, to shareholders of record as of September 5, 2025.