SLM (NASDAQ:SLMBP – Get Free Report) is projected to post its resultson Thursday, July 23rd. Analysts expect the company to announce earnings of $0.4393 per share and revenue of $409.2190 million for the quarter.
SLM Trading Down 0.2%
Shares of SLM stock opened at $74.50 on Tuesday. The stock has a fifty day simple moving average of $74.69 and a 200 day simple moving average of $74.58. SLM has a 12-month low of $70.58 and a 12-month high of $83.05.
SLM Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Thursday, June 4th were paid a dividend of $1.4269 per share. The ex-dividend date was Thursday, June 4th. This represents a $5.71 annualized dividend and a yield of 7.7%.
About SLM
SLM Corporation, doing business as Sallie Mae, is a U.S.-based provider of private student loans, servicing, and banking products. The company specializes in originating and servicing education loans for undergraduate, graduate and professional students, as well as career and technical training programs. In addition to its core student lending business, Sallie Mae offers deposit products, credit cards and digital tools designed to help customers manage personal finances and plan for higher-education expenses.
Sallie Mae’s product suite includes fixed- and variable-rate private student loans, graduate student loans, parent loans and career training loans.
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