NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (NASDAQ: SLM), formally SLM Corporation, announced that its Board of Directors today approved a third-quarter dividend on its Preferred Stock Series A of $0.87125 per share. The dividend will be paid on July 30, 2013, to shareholders of record at the close of business on July 19, 2013.
On March 31, 2013, Sallie Mae had 3.3 million shares of Preferred Stock Series A outstanding. These shares trade on NASDAQ.
Sallie Mae (NASDAQ: SLM) is the nation’s No. 1 financial services company specializing in education. Celebrating 40 years of making a difference, Sallie Mae continues to turn education dreams into reality for American families, today serving 25 million customers. With products and services that include 529 college savings plans, Upromise rewards, scholarship search and planning 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.