SLM (SLMBP) Projected to Announce Earnings on Thursday

SLM (NASDAQ:SLMBP) is expected to be posting its results after the market closes on Thursday, October 22nd. Analysts expect the company to announce earnings of $0.1705 per share and revenue of $453.34 million for the quarter.

SLM Stock Down 0.4%

NASDAQ SLMBP opened at $71.45 on Tuesday. The business has a 50 day simple moving average of $74.18 and a 200 day simple moving average of $74.48. SLM has a one year low of $70.58 and a one year high of $76.27.

SLM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th were paid a $1.4393 dividend. This represents a $5.76 annualized dividend and a yield of 8.1%. This is a boost from SLM’s previous quarterly dividend of $1.4269. The ex-dividend date of this dividend was Friday, September 4th.

SLM Company Profile

SLM Corporation, commonly known as Sallie Mae, is a U.S.-based education finance company that provides private student loans to undergraduate and graduate students. Its lending products are designed to help families cover qualified education expenses not met by scholarships, grants, federal student aid or other funding sources.

The company also offers consumer banking products, including savings accounts and certificates of deposit, along with resources intended to help students and families plan for and manage the cost of higher education.