Sallie Mae Declares Common Stock Dividend
Sallie Mae Declares Common Stock Dividend
Announces Preferred Stock Series B Dividend
NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae (NAS: SLM) , the nation's No. 1 financial services company specializing in education, announced a 2013 third-quarter dividend on its common stock of $0.15 per share. The dividend will be paid on Sept. 20, 2013, to stockholders of record at the close of business on Sept. 6, 2013.
In addition, the company announced a 2013 third-quarter dividend on its Preferred Stock Series B of $0.4986674 per share. The dividend on the Preferred Stock Series B will be paid on Sept. 16, 2013, to stockholders of record at the close of business on Sept. 6, 2013.
On June 30, 2013, Sallie Mae had 436 million shares of common stock and 4 million shares of Preferred Stock Series B outstanding. These shares trade on NASDAQ.
Sallie Mae (NAS: SLM) is the nation's No. 1 financial services company specializing in education. Celebrating 40 years of making a difference, Sallie Mae continues to turn education dreams into reality for American families, today serving 25 million customers. With products and services that include 529 college savings plans, Upromise rewards, scholarship search and planning tools, education loans, insurance, and online banking, Sallie Mae offers solutions that help families save, plan, and pay for college. Sallie Mae also provides financial services to hundreds of college campuses as well as to federal and state governments. 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.
Sallie Mae
Media:
Patricia Nash Christel, 302-283-4076
patricia.christel@SallieMae.com
or
Investors:
Joe Fisher, 302-283-4075
joe.fisher@SallieMae.com
or
Steven McGarry, 302-283-4074
steven.j.mcgarry@SallieMae.com
KEYWORDS: United States North America Delaware
INDUSTRY KEYWORDS:
The article Sallie Mae Declares Common Stock Dividend originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
