SLM Co. (NASDAQ:SLMBP – Get Free Report) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Investors 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 8.55%. The ex-dividend date is Wednesday, March 5th.
SLM has raised its dividend payment by an average of 57.4% per year over the last three years.
SLM Price Performance
NASDAQ SLMBP opened at $74.59 on Friday. SLM has a 52 week low of $69.90 and a 52 week high of $80.67. The stock has a fifty day moving average of $74.15 and a 200-day moving average of $75.05.
About SLM
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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