SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, today
announced a 2009 fourth-quarter dividend on its Preferred Stock Series A
of $0.87125 per share. The dividend on the Preferred Stock Series A will
be paid on Nov. 2, 2009 to shareholders of record at the close of
business on Oct. 23, 2009.
In addition, the company announced a 2009 third-quarter dividend on its
Preferred Stock Series B of $0.3384527 per share. The dividend on the
Preferred Stock Series B will be paid on Sept. 15, 2009 to shareholders
of record at the close of business on Sept. 4, 2009.
Finally, the company announced a 2009 third-quarter dividend on its
Preferred Stock Series C of $18.125 per share. The dividend on the
Preferred Stock Series C will be paid on Sept. 15, 2009 to shareholders
of record at the close of business on Sept. 1, 2009.
On June 30, 2009, SLM Corporation had 3.3 million shares of Preferred
Stock Series A, 4 million shares of Preferred Stock Series B and 1.1
million shares of Preferred Stock Series C outstanding. The Preferred
Stock Series A and B trade on the New York Stock Exchange.
SLM Corporation (NYSE: SLM), commonly
known as Sallie Mae, is the nation’s leading provider of saving,
planning and paying for education programs. Through its subsidiaries,
the company manages $188 billion in education loans and serves 10
million student and parent customers. Through its Upromise affiliates,
the company also manages more than $19 billion in 529 college-savings
plans, and is a major, private source of college funding contributions
in America with 11 million members and more than $475 million in member
rewards. Sallie Mae and its subsidiaries offer debt management services
as well as business and technical products to a range of business
clients, including higher education institutions, student loan
guarantors and state and federal agencies. More information is available
at www.salliemae.com.
SLM Corporation and its subsidiaries are not sponsored by or agencies of
the United States of America.
Sallie Mae
Erica Eriksdotter, +1-703-984-5628
Erica.Eriksdotter@SallieMae.com
