SLM Corp
NASDAQ:SLM
SLM's latest stock split occurred on May 1, 2014
The company executed a 2798-for-1000 stock split, meaning that for every 1000 shares held, investors received 2798 new shares.
Before the split, SLM traded at 25.7416 per share. Afterward, the share price was about 8.0573.
The adjusted shares began trading on May 1, 2014. This was SLM's 4th stock split, following the previous one in Jun 23, 2003.
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SLM Corp
Glance View
In the intricate world of education financing, SLM Corp, more commonly known as Sallie Mae, stands as a pivotal player. Originally established in 1972 as a government-sponsored enterprise aimed at increasing accessibility to student loans, Sallie Mae has undergone significant transformations over the decades. In 2004, it fully privatized, marking a notable shift in its business model and operations. Sallie Mae now focuses primarily on offering private student loans to graduate, undergraduate, and professional students with competitive interest rates tailored to various credit profiles. This strategic move separates its operations from federal student loans, allowing it to capitalize on profitable niches within the education sector, underscored by an unyielding commitment to helping students and families realize their educational aspirations. Revenue streams for SLM Corp come mainly from two sources: the collection of interest on its loan portfolio and various fees associated with loan servicing and origination. Sallie Mae's private loan products are complemented by its bank-like structure, providing savings accounts, CDs, and other financial products, thus expanding its financial foothold. This diversification not only bolsters its balance sheet but also cushions it against fluctuations in the student loan market. With financial literacy as part of its broader mission, Sallie Mae leverages digital innovation to enhance customer engagement and streamline service delivery, which has increasingly appealed to a digital-native demographic. By adapting to economic shifts and educational trends, Sallie Mae strives to stay ahead of market demands, fostering a sustainable business poised for long-term growth.
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