SLM Corp (NASDAQ:SLM) Plans Quarterly Dividend of $0.03

SLM Corp (NASDAQ:SLM) declared a quarterly dividend on Thursday, November 7th, RTT News reports. Investors 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 1.32%.

Shares of SLM traded up $0.15 on Thursday, hitting $9.06. The company’s stock had a trading volume of 2,032,773 shares, compared to its average volume of 3,321,229. 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 firm’s fifty day moving average price is $8.79 and its 200-day moving average price is $9.23. SLM has a fifty-two week low of $7.76 and a fifty-two week high of $11.53. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 0.55 and a beta of 1.42.

SLM (NASDAQ:SLM) last issued its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. SLM had a return on equity of 20.63% and a net margin of 25.04%. The business had revenue of $405.07 million during the quarter, compared to analyst estimates of $397.58 million. During the same period in the previous year, the firm earned $0.23 EPS. As a group, equities analysts predict that SLM will post 1.23 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on SLM shares. Oppenheimer set a $12.00 price objective on SLM and gave the company a “buy” rating in a research report on Friday, July 26th. ValuEngine upgraded SLM from a “strong sell” rating to a “sell” rating in a research report on Friday, September 20th. BidaskClub lowered SLM from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. TheStreet lowered SLM from a “b-” rating to a “c+” rating in a research report on Thursday, August 29th. Finally, Compass Point lowered SLM from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $12.50.

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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