Sallie Mae Declares Common Stock Dividend

Announces Preferred Stock Series B Dividend

NEWARK, Del.--()--Sallie Mae (NASDAQ: SLM), the nation’s No. 1 financial services company specializing in education, announced a 2012 third-quarter dividend on its common stock of $0.125 per share. The dividend will be paid on Sept. 21, 2012, to shareholders of record at the close of business on Sept. 7, 2012.

In addition, the company announced a 2012 third-quarter dividend on its Preferred Stock Series B of $0.5660497 per share. The dividend on the Preferred Stock Series B will be paid on Sept. 17, 2012, to shareholders of record at the close of business on Sept. 7, 2012.

On June 30, 2012, Sallie Mae had 469 million shares of common stock, 3.3 million shares of Preferred Stock Series A, and 4 million shares of Preferred Stock Series B outstanding. These shares trade on NASDAQ.

Sallie Mae (NASDAQ: SLM) is the nation’s No. 1 financial services company specializing in education. Whether college is a long way off or just around the corner, Sallie Mae turns education dreams into reality for its 25 million customers. With products and services that include college savings programs, scholarship search tools, education loans, insurance, and online banking, Sallie Mae offers solutions that help families save, plan, and pay for college. Sallie Mae also provides financial services to hundreds of college campuses as well as to federal and state governments. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Contacts

Media:
For Sallie Mae
Debby Hohler, 617-454-6741,
dhohler@upromise.com
or
Sallie Mae
Martha Holler, 302-283-4036
martha.holler@SallieMae.com
or
Investors:
Sallie Mae
Joe Fisher, 302-283-4075
joe.fisher@SallieMae.com
or
Steven McGarry, 302-283-4074
steven.j.mcgarry@SallieMae.com

Release Summary

Sallie Mae announced a 2012 third-quarter dividend on its common stock of $0.125 per share.

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Contacts

Media:
For Sallie Mae
Debby Hohler, 617-454-6741,
dhohler@upromise.com
or
Sallie Mae
Martha Holler, 302-283-4036
martha.holler@SallieMae.com
or
Investors:
Sallie Mae
Joe Fisher, 302-283-4075
joe.fisher@SallieMae.com
or
Steven McGarry, 302-283-4074
steven.j.mcgarry@SallieMae.com