SLM's Preferred Stock, Series B Shares Cross 5% Yield Mark
March 19, 2018 at 14:34 PM EDT
In trading on Monday, shares of SLM Corp.'s Floating-Rate Non-Cumulative Preferred Stock, Series B, par value $0.20 per share (SLMBP) were yielding above the 5% mark based on its quarterly dividend (annualized to $3.3004), with shares changing hands as low as $66.00 on the day. As of last close, SLMBP was trading at a 30.46% discount to its liquidation preference amount..