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

Rhea-AI Summary

Sallie Mae (Nasdaq: SLM) has announced a 2022 first-quarter dividend of $0.47772 per share for its Preferred Stock Series B and $0.11 per share for its common stock. Both dividends will be distributed on March 15, 2022, to shareholders on record as of March 4, 2022. This commitment reflects the company's confidence in its financial stability and ongoing support for its investors as the leader in private student lending.

Positive

• Dividend of $0.11 per share for common stock indicates financial stability.
• Preferred Stock Series B dividend of $0.47772 per share demonstrates commitment to shareholders.

Negative

• None.

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae^® (Nasdaq: SLM), formally SLM Corporation, today announced a 2022 first-quarter dividend on its Preferred Stock Series B of $0.47772 per share. The company also announced a 2022 first-quarter dividend on its common stock of $0.11 per share.

Both common stock and preferred stock dividends will be paid on March 15, 2022, to the respective stockholders of record at the close of business on March 4, 2022.

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 support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. 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.

Category: Corporate and Financial

View source version on businesswire.com: https://www.businesswire.com/news/home/20220124005758/en/

Media:

Rick Castellano

302.451.2541

Rick.Castellano@SallieMae.com



Investors:

Brian Cronin

302.451.0304

Brian.Cronin@SallieMae.com

Source: Sallie Mae

FAQ

What is the dividend amount for Sallie Mae common stock in Q1 2022?

Sallie Mae announced a dividend of $0.11 per share for its common stock in Q1 2022.

When will Sallie Mae pay its Q1 2022 dividends?

The Q1 2022 dividends will be paid on March 15, 2022.

What is the dividend amount for Sallie Mae Preferred Stock Series B?

The Preferred Stock Series B dividend for Q1 2022 is $0.47772 per share.

What is the record date for Sallie Mae's Q1 2022 dividends?

The record date for Sallie Mae's Q1 2022 dividends is March 4, 2022.

How often does Sallie Mae pay dividends?

Sallie Mae typically pays dividends on a quarterly basis.