SLM Corp (NASDAQ:SLM) declared a quarterly dividend on Thursday, November 7th, RTT News reports. Investors of record on Friday, December 6th will be given a dividend of 0.03 per share by the credit services provider on Monday, December 16th. This represents a $0.12 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, December 5th.
Shares of NASDAQ:SLM opened at $8.48 on Tuesday. The firm’s 50 day moving average is $8.68 and its two-hundred day moving average is $9.04. The firm has a market capitalization of $3.60 billion, a P/E ratio of 7.93, a PEG ratio of 0.53 and a beta of 1.41. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.65. SLM has a 52 week low of $7.76 and a 52 week high of $11.53.
SLM (NASDAQ:SLM) last issued its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. SLM had a return on equity of 20.63% and a net margin of 25.04%. The business had revenue of $405.07 million during the quarter, compared to analyst estimates of $397.58 million. During the same period in the prior year, the company posted $0.23 EPS. Analysts predict that SLM will post 1.24 EPS for the current year.
SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.
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