SLM Co. (NASDAQ:SLMBP – Get Free Report) announced a quarterly dividend on Wednesday, April 24th, Wall Street Journal reports. Stockholders of record on Thursday, June 6th will be given a dividend of 1.9038 per share on Monday, June 17th. This represents a $7.62 annualized dividend and a dividend yield of 10.05%. The ex-dividend date of this dividend is Thursday, June 6th. This is an increase from SLM’s previous quarterly dividend of $1.86.
SLM has raised its dividend by an average of 39.9% per year over the last three years.
SLM Stock Performance
Shares of NASDAQ SLMBP traded up $0.15 during midday trading on Wednesday, hitting $75.81. The company’s stock had a trading volume of 1,587 shares, compared to its average volume of 14,395. The stock has a fifty day moving average price of $74.07 and a 200 day moving average price of $70.09. SLM has a one year low of $53.20 and a one year high of $78.00.
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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