On Tuesday, Shares of SLM Corp (NASDAQ:SLM), lost -2.84% to $6.83.
Sallie Mae – the nation’s saving, planning, and paying for college company – will observe Veterans Day throughout the week of Nov. 9 with $60,000 in grants for military scholarships and special expressions of gratitude to customers and employees for their military service.
The Sallie Mae Fund, Sallie Mae’s charitable foundation, donated $50,000 to Folds of Honor, a national nonprofit organization that provides scholarships to the spouses and dependent children of service members killed or disabled while on active duty. The Sallie Mae Fund has also donated $10,000 to the Marine Corps Scholarship Foundation to support the fundraising efforts of Laurent C. Lutz, Sallie Mae executive vice president, general counsel, and corporate secretary, who ran in the 2015 Chicago Marathon on behalf of the Foundation, which is the nation’s oldest and largest provider of need-based scholarships to military children.
“Of the one million-plus dependents adversely affected by military deployments, nearly nine out of 10 do not qualify for federal scholarship assistance,” said Major Dan Rooney, Folds of Honor founder and F-16 fighter pilot who served three tours of duty in Iraq. “Thanks to partners like Sallie Mae, we can provide scholarship assistance to those who most certainly deserve our support, and we can assist ensure that no family is left behind on the field of battle.”
SLM Corporation, together with its auxiliaries, operates as a saving, planning, and paying for education company in the United States. The company offers private education loans to students and their families.
Shares of Service Corporation International (NYSE:SCI), declined -0.79% to $26.38, during its last trading session.
Service Corporation International, declared that its Board of Directors has approved a quarterly cash dividend of twelve cents per share of common stock. The quarterly cash dividend declared recently is payable on December 31, 2015 to shareholders of record at the close of business on December 15, 2015. While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends, and the establishment of record and payment dates, are subject to final determination by the Board of Directors each quarter after its review of the Company’s financial performance.
Service Corporation International, together with its auxiliaries, provides death care products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and related businesses.
Finally, Shares of Qorvo Inc (NASDAQ:QRVO), ended its last trade with -3.33% loss, and closed at $52.29.
Qorvo, declared that it proposes to offer, subject to market conditions and other factors, $1 billion aggregate principal amount of senior notes due 2023 and 2025 (the “Notes”) to qualified institutional buyers following Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. Qorvo anticipates to use the net proceeds of the offering for general corporate purposes, counting share repurchases and repayment of any amounts outstanding under its revolving credit facility. The Notes will be senior unsecured obligations of Qorvo and will be initially guaranteed, jointly and severally, by each of Qorvo’s existing and future direct and indirect wholly-owned U.S. auxiliaries that guarantee Qorvo’s obligations under its revolving credit facility.
The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
Qorvo, Inc. provides technologies and radio frequency (RF) solutions for mobile, infrastructure, defense, and aerospace applications in the United States and internationally. The company operates through Mobile Products, and Infrastructure and Defense Products segments.
