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On 6/6/24, SLM Corp.'s Floating-Rate Non-Cumulative Preferred Stock, Series B, par value $0.20 per share (Symbol: SLMBP) will trade ex-dividend, for its quarterly dividend of $1.9038, payable on 6/17/24. As a percentage of SLMBP's recent share price of $77.25, this dividend works out to approximately 2.46%, so look for shares of SLMBP to trade 2.46% lower — all else being equal — when SLMBP shares open for trading on 6/6/24. On an annualized basis, the current yield is approximately 9.86%, which compares to an average yield of 6.73% in the "Financial" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of SLMBP shares, versus SLM:

Below is a dividend history chart for SLMBP, showing historical dividends prior to the most recent $1.9038 on SLM Corp.'s Floating-Rate Non-Cumulative Preferred Stock, Series B, par value $0.20 per share:

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In Tuesday trading, SLM Corp.'s Floating-Rate Non-Cumulative Preferred Stock, Series B, par value $0.20 per share (Symbol: SLMBP) is currently trading flat on the day, while the common shares (Symbol: SLM) are up about 0.2%.

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