SLM Corp. (SLM) Plans Quarterly Dividend of $0.15
SLM Corp. (NYSE:SLM) declared a quarterly dividend on Tuesday, February 4th, American Banking & Market News reports. Stockholders of record on Friday, March 7th will be given a dividend of 0.15 per share on Friday, March 21st. This represents a $0.60 dividend on an annualized basis and a yield of 2.74%.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of SLM Corp. in a research note to investors on Wednesday, January 22nd. They set a “buy” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of SLM Corp. in a research note to investors on Friday, December 20th. They now have a $27.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. SLM Corp. has an average rating of “Buy” and an average price target of $27.33.
SLM Corp. (NYSE:SLM) traded down 1.35% on Tuesday, hitting $21.91. The stock had a trading volume of 5,505,344 shares. SLM Corp. has a one year low of $16.98 and a one year high of $27.34. The stock has a 50-day moving average of $25.39 and a 200-day moving average of $25.24. The company has a market cap of $9.399 billion and a price-to-earnings ratio of 7.10.
SLM Corp. (NYSE:SLM) last announced its earnings results on Wednesday, January 15th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.09. During the same quarter in the previous year, the company posted $0.55 earnings per share. Analysts expect that SLM Corp. will post $2.41 EPS for the current fiscal year.
SLM Corporation (NYSE:SLM) is a holding company.
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