The ex-dividend date for SLM (Nasdaq:SLM) is tomorrow, September 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $15.74 as of 9:30 a.m., the dividend yield is 3.2%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for SLM (Nasdaq: SLM) is tomorrow, September 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $15.74 as of 9:30 a.m. ET, the dividend yield is 3.2%. The average volume for SLM has been 4.1 million shares per day over the past 30 days. SLM has a market cap of $7.39 billion and is part of the financial sector and financial services industry. Shares are up 17.5% year to date as of the close of trading on Friday. SLM Corporation, through its subsidiaries, originates, acquires, finances, and services private education loans in the United States. It offers processing capabilities to educational institutions, 529 college-savings plan program management services, and a consumer savings network. The company has a P/E ratio of 9.7, above the average financial services industry P/E ratio of 9.4 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates SLM as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full SLM Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.