SLM Co. (NASDAQ:SLMBP – Get Free Report) announced a quarterly dividend on Thursday, July 25th, Wall Street Journal reports. Shareholders of record on Thursday, September 5th will be given a dividend of 1.8467 per share on Monday, September 16th. This represents a $7.39 annualized dividend and a yield of 9.66%. The ex-dividend date is Thursday, September 5th.
SLM has raised its dividend payment by an average of 39.9% per year over the last three years.
SLM Stock Down 0.0 %
SLMBP stock opened at $76.49 on Friday. The business’s 50-day moving average price is $76.37 and its 200-day moving average price is $74.47. SLM has a twelve month low of $56.60 and a twelve month high of $80.67.
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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