SLM Co. (NASDAQ:SLMBP – Get Free Report) saw a large decline in short interest in April. As of April 15th, there was short interest totaling 7,130 shares, a decline of 20.2% from the March 31st total of 8,938 shares. Based on an average trading volume of 1,798 shares, the days-to-cover ratio is presently 4.0 days.
SLM Trading Down 0.0%
SLMBP traded down $0.01 on Thursday, hitting $74.40. 956 shares of the company were exchanged, compared to its average volume of 3,496. The firm has a 50-day moving average price of $74.76 and a two-hundred day moving average price of $74.70. SLM has a twelve month low of $70.58 and a twelve month high of $83.15.
SLM Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be given a dividend of $1.4269 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $5.71 dividend on an annualized basis and a dividend yield of 7.7%.
Wall Street Analysts Forecast Growth
About SLM
SLM Corporation, doing business as Sallie Mae, is a U.S.-based provider of private student loans, servicing, and banking products. The company specializes in originating and servicing education loans for undergraduate, graduate and professional students, as well as career and technical training programs. In addition to its core student lending business, Sallie Mae offers deposit products, credit cards and digital tools designed to help customers manage personal finances and plan for higher-education expenses.
Sallie Mae’s product suite includes fixed- and variable-rate private student loans, graduate student loans, parent loans and career training loans.
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