News Column

Sallie Mae Declares Series B Dividend

July 29, 2014



NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae (NASDAQ: SLM), the nationís No. 1 financial services company specializing in education, announced a 2014 third-quarter dividend on its Preferred Stock Series B of $0.4883919 per share. The dividend will be paid on September 15, 2014, to stockholders of record at the close of business on September 5, 2014.

On April 30, 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 nationís 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, 302-451-2541

rick.castellano@salliemae.com

or

Investors:

Brian Cronin, 302-283-8435

brian.cronin@salliemae.com



Source: Sallie Mae


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Source: Business Wire


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