SLM Co. (SLMBP) To Go Ex-Dividend on March 5th

SLM Co. (NASDAQ:SLMBP) declared a quarterly dividend on Wednesday, January 21st. Investors of record on Thursday, March 5th will be given a dividend of 1.4327 per share on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Thursday, March 5th.

SLM Stock Up 1.4%

Shares of SLMBP stock opened at $74.48 on Friday. The stock’s fifty day simple moving average is $74.19 and its 200 day simple moving average is $75.15. SLM has a one year low of $65.50 and a one year high of $83.15.

Analysts Set New Price Targets

SLMBP has been the topic of several recent analyst reports. TD Cowen restated a “buy” rating on shares of SLM in a research note on Friday, December 5th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of SLM in a research report on Wednesday, December 10th. Finally, UBS Group set a $40.00 price objective on shares of SLM in a report on Friday, December 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, SLM has an average rating of “Moderate Buy” and a consensus target price of $40.00.

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.