SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, today
announced a 2010 first-quarter dividend on its Preferred Stock Series A
of $0.87125 per share. The dividend on the Preferred Stock Series A will
be paid on Feb. 1, 2010 to shareholders of record at the close of
business on Jan. 22, 2010.
In addition, the company announced a 2009 fourth-quarter dividend on its
Preferred Stock Series B of $0.2515139 per share. The dividend on the
Preferred Stock Series B will be paid on Dec. 15, 2009 to shareholders
of record at the close of business on Dec. 4, 2009.
Finally, the company announced a 2009 fourth-quarter dividend on its
Preferred Stock Series C of $18.125 per share. The dividend on the
Preferred Stock Series C will be paid on Dec. 15, 2009 to shareholders
of record at the close of business on Dec. 1, 2009.
On Sept. 30, 2009, SLM Corporation had 3.3 million shares of Preferred
Stock Series A, 4 million shares of Preferred Stock Series B and 1
million shares of Preferred Stock Series C outstanding. The Preferred
Stock Series A and B trade on the New York Stock Exchange.
SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, is the
nation’s leading provider of saving, planning and paying for education
programs. Through its subsidiaries, the company manages $192 billion in
education loans and serves 10 million student and parent customers.
Through its Upromise affiliates, the company also manages more than $21
billion in 529 college-savings plans, and is a major, private source of
college funding contributions in America with 11 million members and
more than $500 million in member rewards. Sallie Mae and its
subsidiaries offer debt management services as well as business and
technical products to a range of business clients, including higher
education institutions, student loan guarantors and state and federal
agencies. More information is available at www.salliemae.com.
SLM Corporation and its subsidiaries are not sponsored by or agencies of
the United States of America.
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