SLM Co. (NASDAQ:SLMBP – Get Free Report) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Shareholders 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 yield of 8.62%. The ex-dividend date is Wednesday, March 5th.
SLM has raised its dividend payment by an average of 57.4% annually over the last three years.
SLM Trading Down 0.6 %
Shares of SLMBP opened at $74.02 on Friday. The firm has a fifty day simple moving average of $74.14 and a two-hundred day simple moving average of $75.07. SLM has a 1-year low of $69.75 and a 1-year 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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