SLM Co. (NASDAQ:SLMBP) Short Interest Down 57.7% in July

SLM Co. (NASDAQ:SLMBP) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 5,064 shares, a decrease of 57.7% from the June 30th total of 11,964 shares. Based on an average daily trading volume, of 3,503 shares, the short-interest ratio is currently 1.4 days.

SLM Stock Down 0.1%

NASDAQ:SLMBP traded down $0.09 during mid-day trading on Wednesday, reaching $74.55. 2,226 shares of the company were exchanged, compared to its average volume of 3,492. SLM has a 12 month low of $70.58 and a 12 month high of $83.05. The company has a fifty day moving average of $74.64 and a 200 day moving average of $74.62.

SLM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be paid a dividend of $1.4393 per share. This represents a $5.76 annualized dividend and a dividend yield of 7.7%. This is an increase from SLM’s previous quarterly dividend of $1.43. The ex-dividend date of this dividend is Friday, September 4th.

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.