Navient (Nasdaq:NAVI), a leading asset management and business processing services company, today announced that its board of directors approved a 2017 fourth quarter dividend of $0.16 per share on the company's common stock.

The fourth quarter 2017 dividend will be paid on Dec. 15, 2017, to shareholders of record at the close of business on Dec. 1, 2017.

About Navient

Navient (Nasdaq:NAVI) is a leading provider of asset management and business processing solutions for education, healthcare, and government clients at the federal, state and local levels. The company helps its clients and millions of Americans achieve financial success through services and support. Headquartered in Wilmington, Delaware, Navient employs team members in western New York, northeastern Pennsylvania, Indiana, Tennessee, Texas, Virginia, Wisconsin and other locations. Learn more at navient.com.

Contact:

Media: Patricia Nash Christel, 302-283-4076, patricia.christel@navient.com

Investors: Joe Fisher, 302-283-4075, joe.fisher@navient.com

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