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

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

SLM Trading Up 0.0%

NASDAQ:SLMBP opened at $74.18 on Monday. The business’s fifty day moving average is $74.66 and its 200 day moving average is $74.61. SLM has a 52-week low of $70.58 and a 52-week high of $83.05.

SLM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be issued a dividend of $1.4393 per share. This represents a $5.76 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Friday, September 4th. This is a boost from SLM’s previous quarterly dividend of $1.43.

About SLM

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.