NEW YORK (

TheStreet

) -- The ex-dividend date for

SLM Corporation

(NYSE:

SLM

) is tomorrow, June 1, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $17.01 as of 9:32 a.m. ET, the dividend yield is 2.4%.

The average volume for SLM has been 3.7 million shares per day over the past 30 days. SLM has a market cap of $8.9 billion and is part of the

financial

sector and

financial services

industry. Shares are up 33.8% year to date as of the close of trading on Friday.

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SLM Corporation, through its subsidiaries, provides education finance in the United States. The company has a P/E ratio of 17.9, below the average financial services industry P/E ratio of 21.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates SLM as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full

SLM Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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