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

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.

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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