SLM Co. (NASDAQ:SLMBP – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 7,266 shares, an increase of 60.9% from the July 30th total of 4,515 shares. Based on an average daily trading volume, of 3,917 shares, the short-interest ratio is currently 1.9 days.
SLM Trading Down 0.3%
Shares of NASDAQ:SLMBP traded down $0.23 during trading on Monday, reaching $75.00. 1,544 shares of the stock traded hands, compared to its average volume of 3,456. The stock has a 50-day moving average of $74.64 and a two-hundred day moving average of $74.78. SLM has a 52-week low of $70.58 and a 52-week high of $76.81.
SLM Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a $1.4393 dividend. This is a boost from SLM’s previous quarterly dividend of $1.43. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.76 annualized dividend and a yield of 7.7%.
SLM Company Profile
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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