Sallie Mae Keeping Fourth-Quarter Dividend Steady

Before you go, we thought you'd like these...
Before you go close icon

Sallie Mae will be keeping its quarterly dividend steady at $0.15 per share.

The financial services company has paid this amount to investors since March 2013, after upping the amount 20% from $0.125. Sallie Mae's latest payout will be paid on Dec. 20 to shareholders of record as of the close of business on Dec. 6.

On an annualized basis, Sallie Mae's dividend adds up to $0.60 per share of common stock. The company's stock price was trading at $24.60 as of the market's close on Oct . 3. This means the company's dividend currently has a yield of 2.4%.

SLM Dividend Chart

SLM Dividend data by YCharts

The article Sallie Mae Keeping Fourth-Quarter Dividend Steady originally appeared on

Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners