SLM Co. (NASDAQ:SLMBP) Declares Dividend Increase – $1.90 Per Share

SLM Co. (NASDAQ:SLMBP) 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 a boost from SLM’s previous quarterly dividend of $1.86.

SLM has raised its dividend by an average of 39.9% annually over the last three years.

SLM Trading Up 0.2 %

Shares of SLM stock traded up $0.15 on Wednesday, hitting $75.81. 1,587 shares of the company traded hands, compared to its average volume of 14,395. SLM has a 52 week low of $53.20 and a 52 week high of $78.00. The business has a 50-day simple moving average of $74.07 and a 200 day simple moving average of $70.09.

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.