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Slideshow Preferred Stocks By Industry: Credit Services & Lending

By Ru Back Packer Staff, updated Wednesday, January 31, 8:43 PM

#1. SLM Corp. | Floating-Rate Non-Cumulative Preferred Stock, Series B, par value $0.20 per share (NASDAQ:SLMBP)

Discount to Liquidation Preference: -31.90%
Current Annualized Yield: 4.49%
Days Since Last Ex-Div Date: 57 | See Dividend History »
Categorization: Credit Services & Lending

Call Date:6/15/2010 (Now Trading Post Call Date)
Shares Offered:4000000
Liquidation Preference:$100
Recent Market Price:$69.00
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-31.00 (-31.00%)
Annualized Dividend:3.054678
Recent Ex-Date:12/4/2017
Current Yield:4.43%
Original Coupon:Three-month LIBOR plus 0.70% until 6/15/2011. Three-month LIBOR plus 1.70% after 6/15/2011.
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
SLM is a holding company. Co.'s primary business is to originates and services Private Education Loans it makes to students and their families. Co. also provides a range of deposit products and operates a consumer savings network that provides financial rewards on everyday purchases to help families save for college. Co.'s Private Education Loans include protections for the family, including loan forgiveness in case of death or permanent disability of the student borrower. In addition, Co. voluntarily requires school certification of both the need for, and the amount of, every Private Education Loan it originates, and it disburses the loans directly to the higher education institution.

Preferreds: SLMBP, SLMAP

Open the SLM Information Page »
Name: SLM Corp.
Sector: Credit Services & Lending
Number of ETFs Holding SLM: 47 (see which ones)
Total Market Value Held by ETFs: $482,808,621
Total Market Capitalization: $5,057,000,000
% of Market Cap. Held by ETFs: 9.55%

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Preferred Stocks By Industry: Credit Services & Lending - Slide 1 of 1 | | Copyright © 2011 - 2018, All Rights Reserved