SLM Co. (NASDAQ:SLMBP) Plans Quarterly Dividend of $1.43

SLM Co. (NASDAQ:SLMBP) declared a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Thursday, June 4th will be given a dividend of 1.4269 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, June 4th.

SLM Stock Performance

NASDAQ:SLMBP opened at $74.45 on Thursday. SLM has a 12 month low of $70.58 and a 12 month high of $83.15. The company’s 50-day moving average price is $74.87 and its two-hundred day moving average price is $74.73.

Wall Street Analysts Forecast Growth

Separately, Bank of America restated a “buy” rating on shares of SLM in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, SLM presently has an average rating of “Moderate Buy” and an average target price of $40.00.

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.