SLM Co. (NASDAQ:SLMBP – Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 5,900 shares, a drop of 11.9% from the January 31st total of 6,700 shares. Based on an average trading volume of 10,600 shares, the short-interest ratio is currently 0.6 days.
SLM Stock Down 0.9 %
Shares of SLM stock opened at $74.05 on Friday. SLM has a twelve month low of $72.21 and a twelve month high of $80.67. The firm’s 50-day moving average price is $74.71 and its 200 day moving average price is $74.83.
SLM Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Wednesday, March 5th will be paid a $1.5951 dividend. This represents a $6.38 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date is Wednesday, March 5th.
Institutional Inflows and Outflows
About SLM
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.
Featured Stories
- Five stocks we like better than SLM
- Consumer Discretionary Stocks Explained
- Is Myers Industries Poised for a Breakout?
- Short Selling – The Pros and Cons
- Is BigBear.ai’s 25% Plunge a False Alarm or Fire Sale?
- What is the Dow Jones Industrial Average (DJIA)?
- Broadcom Confirmed Its AI Outlook: Stock to Hit New Highs Soon
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.