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

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Sallie Mae (Nasdaq: SLM) announces a third-quarter dividend for 2021 of $0.46460 per share on its Preferred Stock Series B and $0.03 per share on its common stock. Dividends will be paid on Sept. 15, 2021, to shareholders of record as of Sept. 3, 2021. The company continues to support education financing and access to college, positioning itself as a leader in private student lending, helping customers reach their educational goals.

Positive
  • Dividend payment of $0.46460 per share for Preferred Stock Series B.
  • Dividend payment of $0.03 per share for common stock.
  • Confidence in sustaining dividend payments reflects strong financial health.
Negative
  • None.

Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced a 2021 third-quarter dividend on its Preferred Stock Series B of $0.46460 per share. The company also announced a 2021 third-quarter dividend on its common stock of $0.03 per share.

Both common stock and preferred stock dividends will be paid on Sept. 15, 2021, to the respective stockholders of record at the close of business on Sept. 3, 2021.

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

FAQ

What is the dividend amount for Sallie Mae in Q3 2021?

Sallie Mae announced a dividend of $0.46460 per share for Preferred Stock Series B and $0.03 per share for common stock.

When will Sallie Mae pay its Q3 2021 dividends?

The dividends will be paid on September 15, 2021.

What is the record date for Sallie Mae's Q3 2021 dividends?

The record date for the dividends is September 3, 2021.

How often does Sallie Mae pay dividends?

Sallie Mae typically pays dividends quarterly, as seen in the announcement for Q3 2021.

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