Sallie Mae Declares Common Stock Dividend

Sallie Mae Declares Common Stock Dividend

Announces Preferred Stock Series A and B Dividends

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae (NAS: SLM) , the nation's No. 1 financial services company specializing in education, announced a 2013 fourth-quarter dividend on its common stock of $0.15 per share. The dividend will be paid on Dec. 20, 2013, to stockholders of record at the close of business on Dec. 6, 2013.


In addition, the company announced a 2013 fourth-quarter dividend on its Preferred Stock Series A of $0.87125 per share and a 2013 fourth-quarter dividend on its Preferred Stock Series B of $0.4939025 per share. The dividend on the Preferred Stock Series A will be paid on Oct. 31, 2013 to stockholders of record at the close of business on Oct. 21, 2013. The dividend on the Preferred Stock Series B will be paid on Dec. 16, 2013 to stockholders of record at the close of business on Dec. 6, 2013.

On June 30, 2013, Sallie Mae had approximately 436 million shares of common stock, 3.3 million shares of Preferred Stock Series A, 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 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:

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