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

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.

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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