SLM's Preferred Stock, Series A Shares Cross 8% Yield Mark
November 24, 2015 at 14:12 PM EST
In trading on Tuesday, shares of SLM Corp.'s 6.97% Cumulative Redeemable Preferred Stock, Series A (SLMAP) were yielding above the 8% mark based on its quarterly dividend (annualized to $3.485), with shares changing hands as low as $43.51 on the day. This compares to an average yield of 6.13% in the "Credit Services & Lending" preferred stock category, according to Preferred Stock Channel..
