SLM Co. (NASDAQ:SLMBP – Get Free Report)’s stock price dropped 0.3% during trading on Monday . The company traded as low as $73.50 and last traded at $74.0850. 1,619 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 3,358 shares. The stock had previously closed at $74.30.
SLM Stock Performance
The business has a 50 day moving average of $74.69 and a two-hundred day moving average of $74.68.
SLM Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th were given a dividend of $1.4393 per share. The ex-dividend date of this dividend was Friday, September 4th. This is a boost from SLM’s previous quarterly dividend of $1.43. This represents a $5.76 dividend on an annualized basis and a dividend yield of 7.8%.
SLM Company Profile
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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