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

Rhea-AI Summary

Sallie Mae (Nasdaq: SLM) announced a fourth-quarter dividend for 2022 of $1.3102559 per share for its Preferred Stock Series B and $0.11 per share for its common stock. These dividends will be paid on December 15, 2022, to stockholders of record as of the close of business on December 2, 2022. Sallie Mae, the leader in private student lending, focuses on facilitating access to education and providing financial products to help customers achieve their goals.

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• Declared a dividend of $1.3102559 per share for Preferred Stock Series B.
• Declared a common stock dividend of $0.11 per share.

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• None.

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae^® (Nasdaq: SLM), formally SLM Corporation, today announced a 2022 fourth-quarter dividend on its Preferred Stock Series B of $1.3102559 per share. The company also announced a 2022 fourth-quarter dividend on its common stock of $0.11 per share.

Both preferred stock and common stock dividends will be paid on December 15, 2022, to the respective stockholders of record at the close of business on December 2, 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/20221025005972/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 Preferred Stock Series B?

The dividend amount for Sallie Mae's Preferred Stock Series B is $1.3102559 per share.

When will the dividends for Sallie Mae be paid?

The dividends will be paid on December 15, 2022.

What is the dividend amount for Sallie Mae's common stock?

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

What are the record dates for Sallie Mae's dividends?

The record date for the dividends is December 2, 2022.