SLM Corp (SLM) to Distribute Quarterly Dividend of $0.03 on December 16th

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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.

A number of equities research analysts recently weighed in on the stock. TheStreet cut shares of SLM from a “b-” rating to a “c+” rating in a research note on Thursday, August 29th. BidaskClub lowered shares of SLM from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, ValuEngine raised shares of SLM from a “strong sell” rating to a “sell” rating in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $12.83.

About SLM

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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Dividend History for SLM (NASDAQ:SLM)

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