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

Rhea-AI Summary

Sallie Mae (Nasdaq: SLM) has declared a second-quarter 2022 dividend of $0.11 per share for common stock and $0.6605370 for Preferred Stock Series B. The dividends will be paid on June 15, 2022, to stockholders recorded as of June 3, 2022. The company continues its commitment to financing education and helping customers achieve lifelong learning goals.

Positive

• Dividend of $0.11 per share for common stock indicates stable cash flow.
• Preferred Stock Series B dividend of $0.6605370 demonstrates financial health.

Negative

• None.

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced a 2022 second-quarter dividend on its Preferred Stock Series B of $0.6605370 per share. The company also announced a 2022 second-quarter dividend on its common stock of $0.11 per share.

Both common stock and preferred stock dividends will be paid on June 15, 2022, to the respective stockholders of record at the close of business on June 3, 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/20220425005894/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's common stock in 2022?

The dividend amount for Sallie Mae's common stock in 2022 is $0.11 per share.

When will Sallie Mae's dividends be paid in 2022?

Sallie Mae's dividends will be paid on June 15, 2022.

What is the record date for Sallie Mae's dividend payments in 2022?

The record date for Sallie Mae's dividend payments is June 3, 2022.

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

The dividend for Sallie Mae's Preferred Stock Series B is $0.6605370 per share.