SLM's Preferred Stock, Series B Crosses Above 10% Yield Territory
May 01, 2024 at 14:05 PM EDT
In trading on Wednesday, shares of SLM Corp.'s Floating-Rate Non-Cumulative Preferred Stock, Series B, par value $0.20 per share (SLMBP) were yielding above the 10% mark based on its quarterly dividend (annualized to $7.6152), with shares changing hands as low as $73.99 on the day. This compares to an average yield of 6.79% in the "Financial" preferred stock category, according to Preferred Stock Channel..
