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

Thursday, April 25, 2019 4:30 pm EDT

Dateline:

NEWARK, Del.

Public Company Information:

NASDAQ:
SLM

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today announced a 2019 second-quarter dividend on its Preferred Stock Series B of $1.1265978 per share. The company also announced a 2019 second-quarter dividend on its common stock of $0.03 per share.

Both common stock and preferred stock dividends will be paid on June 17, 2019, to the respective stockholders of record at the close of business on June 7, 2019.

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, free scholarship search tools, free college financial planning tools, 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.

Contact:

Media:
Rick Castellano
302- 451-2541
rick.castellano@salliemae.com

Investors:
Brian Cronin
302-451-0304
brian.cronin@salliemae.com