SLM's Preferred Stock, Series B Shares Cross 4.5% Yield Mark
December 01, 2015 at 14:16 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 4.5% mark based on its quarterly dividend (annualized to $2.0581), with shares changing hands as low as $45.30 on the day. This compares to an average yield of 6.18% in the "Credit Services & Lending" preferred stock category, according to Preferred Stock Channel..