Sallie Mae Declares Preferred Stock Series B Dividend

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae (NASDAQ: SLM), the nation’s saving, planning, and paying for college company, today announced a 2016 second-quarter dividend on its Preferred Stock Series B of $0.5978850 per share. The dividend will be paid on June 15, 2016, to stockholders of record at the close of business on June 3, 2016.

On March 31, 2016, Sallie Mae had approximately 4 million shares of Preferred Stock Series B outstanding.

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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160428006857/en/

Sallie Mae
Media:
Rick Castellano, 302-451-2541
[email protected]
or
Investors:
Brian Cronin, 302-451-0304
[email protected]

Source: Sallie Mae

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