SLM Co. (NASDAQ:SLMBP – Get Free Report) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Stockholders of record on Wednesday, March 5th will be paid a dividend of 1.5951 per share on Monday, March 17th. This represents a $6.38 dividend on an annualized basis and a dividend yield of 8.56%. The ex-dividend date of this dividend is Wednesday, March 5th.
SLM has increased its dividend payment by an average of 57.4% per year over the last three years.
SLM Price Performance
Shares of NASDAQ SLMBP traded up $0.14 during midday trading on Thursday, reaching $74.58. The company’s stock had a trading volume of 1,908 shares, compared to its average volume of 5,478. The firm has a 50 day moving average price of $74.15 and a 200-day moving average price of $75.07. SLM has a 12-month low of $69.75 and a 12-month high of $80.67.
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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