Sallie Mae Declares Preferred Stock Series B Dividend

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae (Nasdaq: SLM), formally SLM Corporation, the nation’s saving, planning, and paying for college company, today announced a 2018 first-quarter dividend on its Preferred Stock Series B of $0.8251050 per share. The Preferred Stock Series B dividend will be paid on March 15, 2018, to stockholders of record at the close of business on March 5, 2018.

On Dec. 31, 2017, 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.

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Sallie Mae
Rick Castellano, 302-451-2541
Brian Cronin, 302-451-0304

Source: Sallie Mae