Slm Corp Stock Price, News & Analysis

Sallie Mae (Nasdaq: SLM) announced the expiration of its modified Dutch Auction tender offer to purchase up to $1 billion of its common stock. The offer expired on March 10, 2021, with preliminary results indicating that 28,521,008 shares were properly tendered at a price of $16.50 per share, totaling about $470.6 million. The company expects to purchase all validly tendered shares without proration. Payment for accepted securities will follow shortly after the confirmation process by the depositary.

This spring, colleges are sending financial aid offers to students who submitted the Free Application for Federal Student Aid (FAFSA), outlining the aid they may qualify for. A study indicates that only 25% of families found these offers easy to understand. To assist families, Sallie Mae provides tips to evaluate these offers, such as organizing information, understanding the terminology, and negotiating for better aid. Remarkably, 67% of families who appealed for more aid last year received additional support. For more details, visit SallieMae.com/FinancialAidOffers.

Sallie Mae (Nasdaq: SLM) announced its annual meeting of stockholders is set for June 8, 2021, at 1 p.m. ET, to be held virtually. Stockholders of record as of April 12, 2021, will have access. Details will follow in the proxy statement to be filed with the SEC in late April. As a leader in private student lending, Sallie Mae aims to provide financial support and resources for education, contributing to lifelong learning and goal achievement.

Sallie Mae (Nasdaq: SLM) is amending its tender offer to buy up to $1 billion of its common stock. The revised offer price is now set between $14.40 and $16.50 per share, an increase from the previous range of $13.10 to $15.00. The expiration date for the offer is extended to March 10, 2021. Stockholders who have already tendered shares do not need to take further action unless they wish to change their tender. As of Feb. 24, 2021, approximately 194 shares have been tendered. The offer is not contingent on financing or a minimum number of shares being tendered.

Sallie Mae (Nasdaq: SLM) announced that CEO Jon Witter will present at the Credit Suisse Financial Services Forum on Friday, Feb. 26, at 8 a.m. ET. The event will be held virtually, with a live audio webcast and presentation slides available for viewers. As a leader in private student lending, Sallie Mae emphasizes the importance of education and lifelong learning, providing financing options to help students access college and achieve their goals.

Sallie Mae (Nasdaq: SLM) has initiated a tender offer to repurchase up to $1 billion in its common stock, with per-share prices ranging from $13.10 to $15.00. Utilizing a modified Dutch auction format, shareholders can select their desired selling price within this range. The offer aims to enhance shareholder value and liquidity. The offer will expire at 12 a.m. ET on March 2, 2021, unless extended. This initiative aligns with Sallie Mae's commitment to capital allocation and rapid execution of its share repurchase strategy.

Sallie Mae (Nasdaq: SLM) released its fourth-quarter and full-year 2020 financial results, showcasing key highlights. Details can be found in the attached supplement. The financial results are available on their investor site. An earnings conference call is scheduled for January 28, 2021, at 8 a.m. ET, where executives will discuss the quarter's performance. Investors can access the call or a replay through the provided dial-in numbers. Sallie Mae continues to emphasize its role as a leader in private student lending, supporting education and lifelong learning.

Sallie Mae (Nasdaq: SLM) announced a first-quarter dividend for 2021 of $0.4798125 per share on its Preferred Stock Series B and $0.03 for common stock. Both dividends will be payable on March 15, 2021, to stockholders of record by March 5, 2021. The company emphasizes its commitment to education and lifelong learning, providing private student lending to support access to college and beyond. This dividend declaration reflects the company's ongoing commitment to shareholder returns and its confidence in its financial stability.

Sallie Mae (Nasdaq: SLM) has appointed Kerri Palmer as the new Chief Risk and Compliance Officer. Palmer, a seasoned professional with over 20 years in risk management, joins from Capital One, where she was a senior vice president. She succeeds Jeff Dale, who held the position since 2014. CEO Jonathan Witter emphasized the importance of strong risk and compliance functions for the company’s success and expressed confidence in Palmer's ability to drive strategic alignment. Palmer holds degrees from Wheaton College and Texas A&M University.