SLM Corporation PFD SER B: Sustained High Dividend Yield, Earnings Outlook Upgrade

cogalWhat a difference a year makes. When I first wrote about the preferred share listing for education loan provider SLM Corporation (NASDAQ:SLMBP) in August last year, its price returns were positive even as the stock’s main listing (NASDAQ:SLM) was dropping. While SLMBP’s returns over the past year are still healthy, the main listing has done even better (see chart below).  Price Returns, SLMBP and SLM (Source: Seeking Alpha)There’s a very good reason for this. SLMBP’s unique selling point is its div ...