SLM's Preferred Stock, Series B, Shares Yield Pushes Past 4%

In trading on Wednesday, 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 $1.9588), with shares changing hands as low as $48.57 on the day. This compares to an average yield of 5.38% in the "Financial" preferred stock category, according to Preferred Stock Channel..