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Sallie Mae Declares Series A Dividend

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae (NASDAQ: SLM), the nation’s No. 1 financial services company specializing in education, announced a 2014 third-quarter dividend on its Preferred Stock Series A of $0.87125 per share. The dividend will be paid on July 30, 2014, to stockholders of record at the close of business on July 18, 2014.

On May 31, 2014, Sallie Mae had approximately 3.3 million shares of Preferred Stock Series A, and 4 million shares of Preferred Stock Series B outstanding.

Sallie Mae (NASDAQ: SLM) is the nation’s No. 1 financial services company specializing in education. Whether college is a long way off or just around the corner, Sallie Mae turns education dreams into reality for American families. With products and services that include Upromise rewards, scholarship search and planning tools, private education loans, insurance, and online banking, Sallie Mae offers solutions that help families save, plan, and pay for college. 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:
Rick Castellano, 302-283-8294
rick.castellano@salliemae.com
or
Investors:
Brian Cronin, 302-283-8435
brian.cronin@salliemae.com

Source: Sallie Mae