SLM's Preferred Stock, Series A Shares Cross 7.5% Yield Mark

In trading on Thursday, shares of SLM Corp.'s 6.97% Cumulative Redeemable Preferred Stock, Series A (SLMAP) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $3.485), with shares changing hands as low as $43.86 on the day. This compares to an average yield of 4.96% in the "Credit Services & Lending" preferred stock category, according to Preferred Stock Channel..