SLM (NASDAQ:SLMBP) Shares Down 0.3% – Time to Sell?

Posted by Francis Steltz on Aug 30th, 2026

SLM Co. (NASDAQ:SLMBP – Get Free Report)’s stock price dropped 0.3% during mid-day trading on Friday . The company traded as low as $75.00 and last traded at $75.00. 1,411 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 3,469 shares. The stock had previously closed at $75.23.

SLM Stock Down 0.3%

The firm has a fifty day moving average price of $74.64 and a 200 day moving average price of $74.78.

SLM Increases Dividend

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

SLM Company Profile

(Get Free Report)

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.