NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced a 2019 fourth-quarter dividend on its Preferred Stock Series B of $0.9705099 per share. The company also announced a 2019 fourth-quarter dividend on its common stock of $0.03 per share.
Both common stock and preferred stock dividends will be paid on Dec. 16, 2019, to the respective stockholders of record at the close of business on Dec. 6, 2019.
Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to help make college happen and offer products and resources to help customers make new goals and experiences, beyond college, possible. 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.