SLM Corp (NASDAQ:SLM) Declares $0.03 Quarterly Dividend

SLM Corp (NASDAQ:SLM) announced a quarterly dividend on Thursday, November 7th, RTT News reports. Stockholders of record on Friday, December 6th will be paid a dividend of 0.03 per share by the credit services provider on Monday, December 16th. This represents a $0.12 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, December 5th.

Shares of SLM stock opened at $8.39 on Wednesday. The stock’s 50-day moving average price is $8.67 and its 200 day moving average price is $9.03. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $3.60 billion, a PE ratio of 7.84, a price-to-earnings-growth ratio of 0.53 and a beta of 1.41. SLM has a 52-week low of $7.76 and a 52-week high of $11.53.

SLM (NASDAQ:SLM) last posted its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. SLM had a return on equity of 20.63% and a net margin of 25.04%. The company had revenue of $405.07 million during the quarter, compared to analysts’ expectations of $397.58 million. During the same period last year, the firm earned $0.23 EPS. Analysts expect that SLM will post 1.24 earnings per share for the current fiscal year.

Several analysts have recently weighed in on SLM shares. ValuEngine raised shares of SLM from a “strong sell” rating to a “sell” rating in a report on Friday, September 20th. TheStreet cut shares of SLM from a “b-” rating to a “c+” rating in a report on Thursday, August 29th. Finally, BidaskClub downgraded shares of SLM from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $12.83.

SLM Company Profile

SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.

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Dividend History for SLM (NASDAQ:SLM)

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