Sallie Mae (SLM) Approves $400M Buyback Plan

Go back to Sallie Mae (SLM) Approves $400M Buyback Plan

SLM (SLM) Raises Quarterly Dividend 20% to $0.15; 3.5% Yield

February 5, 2013 4:16 PM EST

SLM (NASDAQ: SLM) declared a quarterly dividend of $0.15 per share, or $0.6 annualized. This is a 20% increase from the prior dividend of $0.125.

The dividend will be payable on March 15, 2013, to stockholders of record on March 1, 2013, with an ex-dividend date of February 27, 2013.... More