SLM Corp.'s Floating-Rate Non-Cumulative Preferred Stock, Series B About To Put More Money In Your Pocket

On 12/4/13, SLM Corp.'s Floating-Rate Non-Cumulative Preferred Stock, Series B (NASD: SLMBP) will trade ex-dividend, for its quarterly dividend of $0.4939, payable on 12/16/13. As a percentage of SLMBP's recent share price of $68.03, this dividend works out to approximately 0.73%, so look for shares of SLMBP to trade 0.73% lower -- all else being equal -- when SLMBP shares open for trading on 12/4/13. On an annualized basis, the current yield is approximately 2.90%, which compares to an average ...