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

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NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced a 2023 third-quarter dividend on its Preferred Stock Series B of $1.8421543 per share. The company also announced a 2023 third-quarter dividend on its common stock of $0.11 per share.

Both preferred stock and common stock dividends will be paid on Sept. 15, 2023, to the respective stockholders of record at the close of business on Sept. 1, 2023.

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

Media:

Rick Castellano

302.451.2541

Rick.Castellano@SallieMae.com

Investors:

Melissa Bronaugh

571.526.2455

Melissa.Bronaugh@SallieMae.com

Source: Sallie Mae

SLM Corporation

NASDAQ:SLM

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4.84B
197.84M
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About SLM

sallie mae (nasdaq: slm) is the nation’s saving, planning, and paying for college company. whether college is a long way off or just around the corner, sallie mae offers products that promote responsible personal finance including private education loans, upromise rewards, scholarship search, college financial planning tools and online retail banking. 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.