SLM Co. (NASDAQ:SLMBP – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 4,600 shares, a decrease of 22.0% from the August 15th total of 5,900 shares. Based on an average trading volume of 9,100 shares, the short-interest ratio is currently 0.5 days.
SLM Price Performance
Shares of SLMBP stock opened at $76.22 on Monday. SLM has a one year low of $60.00 and a one year high of $80.67. The company’s 50-day moving average is $76.32 and its 200 day moving average is $75.84.
SLM Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, September 5th will be given a dividend of $1.8467 per share. This represents a $7.39 annualized dividend and a dividend yield of 9.69%. The ex-dividend date is Thursday, September 5th.
Hedge Funds Weigh In On SLM
SLM Company 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.
See Also
- Five stocks we like better than SLM
- How to Calculate Stock Profit
- 3 Defensive Stock Alternatives to Bonds If Interest Rates Drop
- What is the Dow Jones Industrial Average (DJIA)?
- Symbotic’s Double-Bagger Potential as It Hits a Key Inflection
- How to Calculate Inflation Rate
- High Dividend Yields Make These 2 Shipping Stocks Stand Out
Receive News & Ratings for SLM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLM and related companies with MarketBeat.com's FREE daily email newsletter.