SLM's Preferred Stock, Series B Shares Cross 6% Yield Mark
March 01, 2016 at 14:09 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 6% mark based on its quarterly dividend (annualized to $2.2424), with shares changing hands as low as $36.00 on the day. This compares to an average yield of 6.71% in the "Credit Services & Lending" preferred stock category, according to Preferred Stock Channel..