SLM SLM Corporation
- Price as of: Oct 27, 02:24 PM EDT
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SLM Daily Snapshot
- Quote Time:
- Oct 27, 02:24 PM
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- Day's Range:
- $7.14 - $7.26
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- 52 Week Low / High:
- $5.09 - $7.64
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SLM Dividend Growth History
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SLM Dividend History
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SLM Company Profile
Sallie Mae- (SLM)-provides education finance in the United States. It originates and holds student loans by providing funding, delivery, and servicing support for education loans through its participation in the federal family education loan program (FFELP) and through offering non-federally guaranteed private education loans. The company was founded in 1972 and is headquartered in Reston, Virginia.
SLM Corporation News
Sallie Mae Q2 Earnings and Full-Year Guidance Top Estimates (SLM)Jul 18, 2013After the bell on Wednesday, student loan company SLM Corp (SLM) , commonly known as Sallie Mae, released its first financial results since the company announced that it would split into two firms. The Newark, DE based company posted second quarter earnings of $543 million, or $1.20 per share, up from $292 million, or 59 cents per share in the second quarter of 2012. On average, analysts expected to see earnings of 97 cents per share. Net interest income for the quarter increased to $784 million, from $747 million a year ago. Jack Remondi, president and CEO of Sallie Mae commented, "we are pleased with the low delinquency and default results achieved by our customers as the measures confirm the effectiveness of our underwriting standards and servicing solutions." "Our lending practices help students and families borrow responsibly, and our customized repayment assistance helps borrowers successfully manage their education loans. Both represent our conviction that we succeed only when our customers succeed." Looking forward, the company is expecting to see FY2013 core earnings of $2.80 per share, while analyst see core earnings at $2.49 per share. Sallie Mae shares were up 29 cents, or 1.24% during premarket trading Thursday. The stock is up 37% YTD. The Bottom Line Shares of SLM Corp (SLM) have a 2.56% yield, based on Wednesday's closing price of $23.41. SLM Corp (SLM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story
Sallie Mae Names New CEO; Plans To Split Company in Two (SLM)May 29, 2013Student loan provider Sallie Mae, otherwise known as SLM Corp (SLM) , announced on Wednesday that it has appointed John Remondi to take over as chief executive officer, effective immediately. Furthermore, the company's board said it will splitting the existing company into two separate, publicly traded entities. Remondi will be taking over for Albert Lord, who is moving up his plans to retire from the Board of Directors and executive management. Remondi has served as vice president and COO of SLM since 2011 and prior to that he served as vice chairman and CFO. It is presumed that Remondi will oversee Sallie Mae as it splits into two companies, each initially owned by Sallie Mae's existing shareholders. The reason for the split is to unlock shareholder value and enhance long-term growth potential. Sallie Mae would spin off into a education loan management company and a consumer banking business. Joesph DePaulo, executive vice president, banking and finance, will leaded the consumer banking business as CEO. The company expects the separation if its business and related distribution of common stock to be completed within 12 months. Sallie Mae shares were up 84 cents, or +3.66%, during pre-market trading on Wednesday. The stock is up +34.15% year-to-date. The Bottom Line Shares of Sallie Mae (SLM) have a dividend yield of 2.61% based on last night's closing price of $22.98 and the company's annualized dividend payout of 60 cents per share. SLM Corp (SLM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story
Feb 5, 2013The following companies announced a change in their dividend payouts today. Companies Increasing Dividend Payouts Coca-Cola Enterprises ()...
Sallie Mae Reports Decline in Profits; Beats Estimates (SLM)Jan 17, 2013Education loan company, SLM Corp(SLM) (Sallie Mae) reported a decline in profit on Thursday, but beat analysts expectations. The Newark, DE based company reported fourth quarter earnings of $343 million, or 74 cents per share, down 32% from last years earnings of $506 million, or 99 cents per share. Excluding special items, EPS was 55 cents, beating analysts estimate of 53 cents. The company reported revenue for the quarter at $792 million, beating analysts estimate of $711 million. Although SLM has seen an increase in demand for educational loans as the price of college rises, the company has suffered as many students are not able to pay back past loans. Looking ahead, the company expects to see FTY2013 earnings of $2.30 per share, which would miss analysts estimate of $2.32 per share. SLM shares were down 30 cents, or -1.73% during premarket trading Thursday. The stock has increased 26% in the past year. The Bottom Line Shares of SLM Corp (SLM) have a 2.89% dividend yield, based on last night's closing stock price of $17.30. The stock has technical support in the $15-$16 price area. If the shares can firm up, we see overhead resistance around the $18-$20 price levels. SLM Corp(SLM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story
May 30, 2012These were some of the biggest dividend stock performers on the upside and the downside in today's market action. Highlights Teva...
Jan 26, 2012The following companies announced a change in their dividend payouts today. Companies Increasing Dividend Payouts Arthur J. Gallagher & Co....
Dividend Stock Added to Database (SLM)Apr 20, 2011We are adding shares of SLM Corporation (SLM) to our database of nearly 1600 dividend-paying stocks. SLM Corporation (SLM) - this company provides education finance in the United States. The company originates and holds student loans by providing funding, delivery, and servicing support for education loans through its participation in the federal family education loan program (FFELP) and through offering non-federally guaranteed private education loans. It primarily markets its FFELP Stafford and private education loans through on-campus financial aid offices. The company also provides student loan default aversion services, defaulted student loan portfolio management services, and contingency collections services for student loans and other asset classes; and accounts receivable management and collection for purchased portfolios of receivables. In addition, it purchases and manages sub-performing and non-performing mortgage loans. Further, the company provides processing capabilities and information technology to educational institutions, as well as, 529 college savings plan program management, transfer and servicing agent services, and administration services. SLM Corporation was founded in 1972 and is headquartered in Reston, Virginia. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story
Jun 29, 2009The markets put it in cruise control once again and the bulls enjoyed another easy day with the end of the quarter making it easier to chase the...
Jun 29, 2009Market averages are still higher, but volume is pretty abysmal as we head into the last hour of trading. Not a lot has changed in the last few...
Jun 29, 2009The markets are starting to catch fire after the slow start at the open. Fund managers squeeze in some last-minute buying as the quarter wraps up...