SLM Corp.'s Cumulative Redeemable Preferred Stock, Series A About To Put More Money In Your Pocket

On 4/16/15, SLM Corp.'s 6.97% Cumulative Redeemable Preferred Stock, Series A (SLMAP) will trade ex-dividend, for its quarterly dividend of $0.8712, payable on 4/30/15. As a percentage of SLMAP's recent share price of $49.68, this dividend works out to approximately 1.75%, so look for shares of SLMAP to trade 1.75% lower all else being equal when SLMAP shares open for trading on 4/16/15..