SLM's Preferred Stock, Series B Shares Cross 6.5% Yield Mark

In trading on Thursday, shares of SLM Corp.'s Floating-Rate Non-Cumulative Preferred Stock, Series B, par value $0.20 per share (SLMBP) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $4.082), with shares changing hands as low as $55.80 on the day. As of last close, SLMBP was trading at a 35.38% discount to its liquidation preference amount..