SLM Co. (NASDAQ:SLMBP – Get Free Report)’s stock price shot up 0.7% during trading on Thursday . The stock traded as high as $76.57 and last traded at $75.63. 9,619 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 11,177 shares. The stock had previously closed at $75.09.
SLM Stock Down 1.5 %
The company’s fifty day moving average price is $76.42 and its two-hundred day moving average price is $75.72.
SLM Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, September 5th will be issued a dividend of $1.8467 per share. This represents a $7.39 annualized dividend and a dividend yield of 9.91%. The ex-dividend date is Thursday, September 5th.
Institutional Inflows and Outflows
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.
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