SLM Co. (NASDAQ:SLMBP – Get Free Report) announced a quarterly dividend on Wednesday, April 24th, Wall Street Journal reports. Stockholders of record on Thursday, June 6th will be paid a dividend of 1.9038 per share on Monday, June 17th. This represents a $7.62 annualized dividend and a dividend yield of 9.99%. The ex-dividend date is Thursday, June 6th. This is an increase from SLM’s previous quarterly dividend of $1.86.
SLM has increased its dividend by an average of 39.9% annually over the last three years.
SLM Stock Up 0.5 %
SLMBP opened at $76.20 on Friday. SLM has a 52 week low of $53.20 and a 52 week high of $78.00. The business’s 50 day moving average is $74.23 and its two-hundred day moving average is $70.17.
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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