SLM Corp.'s Floating-Rate Non-Cumulative Preferred Stock, Series B, par value $0.20 per share Crosses Above 4% Yield Territory
December 04, 2012 at 14:46 PM EST
In trading on Tuesday, shares of SLM Corp.'s Floating-Rate Non-Cumulative Preferred Stock, Series B, par value $0.20 per share (SLMBP) were yielding above the 4% mark based on its quarterly dividend (annualized to $2.1084), with shares changing hands as low as $52.14 on the day. This compares to an average yield of 5.60% in the "Financial" preferred stock category, according to Preferred Stock Channel.