SLM Co. (NASDAQ:SLMBP – Get Free Report) declared a quarterly dividend on Friday, October 25th, Wall Street Journal reports. Shareholders of record on Thursday, December 5th will be paid a dividend of 1.7449 per share on Monday, December 16th. This represents a $6.98 dividend on an annualized basis and a yield of 9.49%. The ex-dividend date is Thursday, December 5th.
SLM has raised its dividend payment by an average of 39.9% annually over the last three years.
SLM Price Performance
Shares of SLMBP stock traded down $0.28 during trading hours on Friday, reaching $73.51. The company’s stock had a trading volume of 3,463 shares, compared to its average volume of 11,702. SLM has a one year low of $64.00 and a one year high of $80.67. The firm’s fifty day simple moving average is $75.45 and its 200 day simple moving average is $76.01.
SLM Company Profile
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.
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