SLM Corporation (NASDAQ:SLM) will begin trading ex-dividend on December 3, 2020. The quarterly dividend payment of $ 0.03 per share is scheduled to be paid on December 15, 2020. The dividend yield based on the latest trading day closing price was 1.08 percent. Shareholders who purchased SLM shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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SLM Corporation recently reported third quarter financial results on October 21, 2020, after market close, financial credit service provider announced income for the third quarter of $ 0.47 per share, from the revenue of $ 365.00 million. The quarterly earnings hiked 62.07 percent while revenues decreased 9.89 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.08 per share from $ 363.06 million in revenue. The bottom line results beat street analysts by $ 0.39 or 487.50 percent, at the same time, top line results outshined analysts by $ 1.94 million or 0.53 percent.
Stock Performance
Shares of SLM Corporation traded up $ 0.53 or 5.00 percent on Tuesday, reaching $ 11.14 with volume of 3.52 million shares. SLM Corporation has traded high as $ 11.17 and has cracked $ 10.76 on the downward trend
According to the previous trading day, closing price of $ 11.14, representing a 89.46 % increase from the 52 week low of $ 5.60 and a 13.88 % decrease over the 52 week high of $ 12.32.
The company has a market capital of $ 4.18 billion and is part of the Financial Services sector and Credit Services industry.
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.
