SLM Co. (NASDAQ:SLMBP – Get Free Report) declared a quarterly dividend on Tuesday, October 20th. Stockholders of record on Friday, December 4th will be paid a dividend of $1.4940 per share on Tuesday, December 15th. This represents a $5.98 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Friday, December 4th. This is a 3.8% increase from SLM’s previous quarterly dividend of $1.4393.
SLM Stock Up 1.4%
Shares of SLM stock opened at $72.99 on Thursday. SLM has a 12 month low of $70.58 and a 12 month high of $76.27. The stock’s fifty day simple moving average is $74.07 and its 200 day simple moving average is $74.45.
About SLM
SLM Corporation, commonly known as Sallie Mae, is a U.S.-based education finance company that provides private student loans to undergraduate and graduate students. Its lending products are designed to help families cover qualified education expenses not met by scholarships, grants, federal student aid or other funding sources.
The company also offers consumer banking products, including savings accounts and certificates of deposit, along with resources intended to help students and families plan for and manage the cost of higher education.
Further Reading
- Five stocks we like better than SLM
- Are RTX Corporation and Northrop Grumman Ready to Break Out?
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
Receive News & Ratings for SLM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLM and related companies with MarketBeat.com's FREE daily email newsletter.
