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

Rhea-AI Summary

Sallie Mae (Nasdaq: SLM) has declared its 2023 first-quarter dividend for both Preferred Stock Series B and common stock. The preferred dividend is set at $1.6090725 per share, while the common stock dividend is $0.11 per share. Both dividends are scheduled for payment on March 15, 2023, to shareholders recorded by the close of business on March 3, 2023.

This announcement reflects Sallie Mae's commitment to delivering value to its shareholders through consistent dividend payments.

Positive

• Dividend of $1.6090725 on Preferred Stock Series B enhances shareholder value.
• Common stock dividend of $0.11 indicates financial stability and commitment to returning value.

Negative

• None.

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced a 2023 first-quarter dividend on its Preferred Stock Series B of $1.6090725 per share. The company also announced a 2023 first-quarter dividend on its common stock of $0.11 per share.

Both preferred stock and common stock dividends will be paid on March 15, 2023, to the respective stockholders of record at the close of business on March 3, 2023.

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/20230124006064/en/

Media:

Rick Castellano

302.451.2541

Rick.Castellano@SallieMae.com

Investors:

Melissa Bronaugh

571.526.2455

Melissa.Bronaugh@SallieMae.com

Source: Sallie Mae

FAQ

What is the 2023 first-quarter dividend amount for Sallie Mae common stock (SLM)?

The dividend amount for Sallie Mae common stock (SLM) is $0.11 per share.

When will Sallie Mae (SLM) pay the preferred stock dividend?

Sallie Mae will pay the preferred stock dividend on March 15, 2023.

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

The record date for Sallie Mae's dividend payments is March 3, 2023.

How much is the preferred stock dividend for Sallie Mae (SLM) in Q1 2023?

The preferred stock dividend for Sallie Mae in Q1 2023 is $1.6090725 per share.