SLM (NASDAQ:SLMBP) Stock Price Down 0.3% – Here’s What Happened

Posted by Max Byerly on Aug 29th, 2026

SLM Co. (NASDAQ:SLMBP – Get Free Report) shares fell 0.3% on Friday . The company traded as low as $75.00 and last traded at $75.00. Approximately 1,411 shares were traded during 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 company has a fifty day simple moving average of $74.64 and a 200-day simple moving average of $74.78.

SLM Increases Dividend

The company 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 $1.4393 dividend. This is a positive change from SLM’s previous quarterly dividend of $1.43. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.76 annualized dividend and a dividend yield of 7.7%.

About SLM

(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.