NEW YORK (

TheStreet

) -- The ex-dividend date for

SLM

(Nasdaq:

SLM

) is tomorrow, February 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $16.25 as of 9:30 a.m. ET, the dividend yield is 3.1%.

The average volume for SLM has been 4.4 million shares per day over the past 30 days. SLM has a market cap of $7.41 billion and is part of the

financial

sector and

financial services

industry. Shares are up 21.1% 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 8.8, below the average financial services industry P/E ratio of 12.3 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates SLM as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, solid stock price performance, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

SLM Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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