SLM (NASDAQ:SLMBP) Trading Down 0.3% – Time to Sell?

SLM Co. (NASDAQ:SLMBP) was down 0.3% during trading on Thursday . The stock traded as low as $75.56 and last traded at $75.61. Approximately 1,123 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 6,193 shares. The stock had previously closed at $75.86.

SLM Stock Down 0.3%

The business has a fifty day moving average of $75.57 and a 200 day moving average of $75.74.

SLM (NASDAQ:SLMBP) last issued its quarterly earnings data on Monday, February 14th. The company reported $1.15 earnings per share for the quarter. The business had revenue of ($3.44) million for the quarter.

SLM Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Thursday, December 4th will be paid a $1.5122 dividend. This represents a $6.05 annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend is Thursday, December 4th.

About SLM

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.