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

Rhea-AI Summary

Sallie Mae (Nasdaq: SLM) has declared a third-quarter 2022 dividend of $0.9463963 per share on its Preferred Stock Series B and a dividend of $0.11 per share on its common stock. Both dividends are set to be paid on September 15, 2022, to stockholders of record by September 2, 2022. As a leader in private student lending, Sallie Mae aims to facilitate education access and support customers in achieving their goals beyond college.

Positive

• Common stock dividend of $0.11 per share suggests ongoing shareholder returns.
• Preferred stock dividend of $0.9463963 indicates strong performance and cash flow.

Negative

• None.

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced a 2022 third-quarter dividend on its Preferred Stock Series B of $0.9463963 per share. The company also announced a 2022 third-quarter dividend on its common stock of $0.11 per share.

Both common stock and preferred stock dividends will be paid on September 15, 2022, to the respective stockholders of record at the close of business on September 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/20220726005826/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 SLM in September 2022?

Sallie Mae has announced a dividend of $0.11 per share for common stock and $0.9463963 per share for Preferred Stock Series B.

When will the dividends be paid for SLM?

The dividends will be paid on September 15, 2022.

What is the record date for SLM's September 2022 dividends?

The record date for both dividends is September 2, 2022.

How often does SLM pay dividends?

Sallie Mae typically pays dividends quarterly, subject to approval by the board.