Navient Corporation 6% Senior Notes due December 15, 2043
JSMNavient 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 52 days on March 16, 2026
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| March 16, 2026 | $0.38 | 2026-03-13 | 2026-03-13 |
| 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 |
Dividends Summary
- Consistent Payer: Navient Corporation 6% Senior Notes due December 15, 2043 has rewarded shareholders with 40 dividend payments over the past 11 years.
- Total Returned Value: Investors who held JSM shares during this period received a total of $24.00 per share in dividend income.
- Latest Payout: The most recent dividend of $0.38/share was paid 39 days ago, on December 15, 2025.
- Yield & Schedule: JSM currently pays dividends quarterly with an annual yield of 7.52%.
- Dividend Growth: Since 2015, the dividend payout has grown by 0.0%, from $0.38 to $0.38.
- Dividend Reliability: JSM has maintained or increased its dividend for 22 consecutive payments.
Company News
Navient declared a quarterly dividend of $0.16 per share, payable on December 19, 2025, to shareholders of record as of December 5, 2025.
Navient announced its third quarter 2025 financial results, with a live audio webcast scheduled for October 29, 2025, hosted by CEO David Yowan and CFO Joe Fisher. Complete financial details will be available on their website and SEC filing.
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.
Navient held its 2025 Annual Meeting, where shareholders voted to approve three proposals, including the election of seven nominees to the board. Linda Mills did not stand for reelection, and Edward Bramson was elected as the new chair of the board.
