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Sallie Mae Declares Dividends on Preferred Stock Series B and Common Stock

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced a 2020 third quarter dividend on its Preferred Stock Series B of $0.5164471 per share. The company also announced a 2020 third quarter dividend on its common stock of $0.03 per share.

Both common stock and preferred stock dividends will be paid on Sept. 15, 2020, to the respective stockholders of record at the close of business on Sept. 4, 2020.

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.

Contacts

Media:
Rick Castellano
302.451.2541
Rick.Castellano@SallieMae.com

Investors:
Brian Cronin
302.451.0304
Brian.Cronin@SallieMae.com

Industry:

Sallie Mae

NASDAQ:SLM
Release Summary
SALLIE MAE DECLARES DIVIDENDS ON PREFERRED STOCK SERIES B AND COMMON STOCK
Release Versions
English

Contacts

Media:
Rick Castellano
302.451.2541
Rick.Castellano@SallieMae.com

Investors:
Brian Cronin
302.451.0304
Brian.Cronin@SallieMae.com

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