Shikiar Asset Management Inc. Purchases 3,850 Shares of SLM Co. (NASDAQ:SLMBP)

Shikiar Asset Management Inc. boosted its position in SLM Co. (NASDAQ:SLMBP) by 3.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 118,093 shares of the company’s stock after acquiring an additional 3,850 shares during the period. SLM accounts for 2.3% of Shikiar Asset Management Inc.’s holdings, making the stock its 13th largest holding. Shikiar Asset Management Inc.’s holdings in SLM were worth $8,739,000 at the end of the most recent reporting period.

SLM Trading Up 0.4 %

Shares of SLMBP stock opened at $73.58 on Friday. SLM Co. has a fifty-two week low of $69.22 and a fifty-two week high of $80.67. The business’s 50 day moving average price is $74.17 and its 200-day moving average price is $75.13.

SLM Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Thursday, December 5th were issued a $1.7449 dividend. This represents a $6.98 annualized dividend and a yield of 9.49%. The ex-dividend date was Thursday, December 5th.

SLM 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.