NEW YORK (

TheStreet

) -- The ex-dividend date for

SLM

(NYSE:

SLM

) is tomorrow, November 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $12.27 as of 9:30 a.m. ET, the dividend yield is 3.3%.

The average volume for SLM has been 6.4 million shares per day over the past 30 days. SLM has a market cap of $6.1 billion and is part of the

financial

sector and

financial services

industry. Shares are down 2.7% year to date as of the close of trading on Monday.

SLM Corporation, through its subsidiaries, provides education finance in the United States. It originates, services, and collects student loans by offering fund, delivery, and service support for education loans through its non-federally guaranteed private education loan programs. The company has a P/E ratio of 10.5, below the average financial services industry P/E ratio of 11.1 and below the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates SLM as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. 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

.

null