Navitas Limited holds fully franked dividend, yields 3.8%

Education provider Navitas Limited (ASX: NVT) has declared a final dividend of 10.1 cents per share, bringing the fully franked full year dividend to 19.5 cents per share for FY14, in line with last year’s payout.

In July 2014 Navitas shares plunged as much as 37% after the company announced that from early 2016, Macquarie University intended to establish its own college to offer its pathway programs from school to university.

Based on a share price of $5.08, Navitas Limited shares trade on a dividend yield of 3.8%.

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