SLM Co. (NASDAQ:SLMBP – Get Free Report) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Friday, September 4th will be given a dividend of 1.4393 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, September 4th. This is a 0.9% increase from SLM’s previous quarterly dividend of $1.43.
SLM Trading Up 0.1%
NASDAQ SLMBP opened at $74.34 on Thursday. The business’s fifty day moving average is $74.67 and its 200-day moving average is $74.60. SLM has a one year low of $70.58 and a one year high of $83.05.
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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