Sallie Mae's (SLM) rising average loan balance is supporting NII growth. However, escalating costs are a near-term concern.
NEWARK, Del., June 12, 2024--The Sallie Mae Fund today announced a $100,000 grant to Point Foundation, the nation’s largest scholarship-granting organization for LGBTQ students. The grant will specifically fund scholarships for LGBTQ students to attend community college and also supports Point Foundation’s mentorship, leadership, and professional development programs for students.
SLM Corp (NASDAQ:SLM) recently announced a dividend of $0.11 per share, payable on 2024-06-17, with the ex-dividend date set for 2024-06-06. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into SLM Corp's dividend performance and assess its sustainability.