NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (NASDAQ: SLM), the nation’s saving, planning and paying for college company, announced a 2015 first-quarter dividend on its Preferred Stock Series B of $0.4911093 per share. The dividend will be paid on March 16, 2015 to stockholders of record at the close of business on March 6, 2015.
In addition, the company announced a 2015 second-quarter dividend on its Preferred Stock Series A of $0.87125 per share. The dividend will be paid on April 30, 2015, to stockholders of record at the close of business on April 20, 2015.
On December 31, 2015, Sallie Mae had approximately 3.3 million shares of Preferred Stock Series A, and 4 million shares of Preferred Stock Series B outstanding.
Sallie Mae (NASDAQ: SLM) is the nation’s saving, planning, and paying for college company. Whether college is a long way off or just around the corner, Sallie Mae offers products that promote responsible personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking. 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.