Sallie Mae (NASDAQ: SLM), the nation’s saving, planning, and paying for
college company, today announced a 2016 first-quarter dividend on its
Preferred Stock Series B of $0.5605979 per share. The dividend will be
paid on March 15, 2016, to stockholders of record at the close of
business on March 5, 2016.
In addition, the company announced a 2016 second-quarter dividend on its
Preferred Stock Series A of $0.87125 per share. The dividend will be
paid on May 2, 2016, to stockholders of record at the close of business
on April 20, 2016.
On Dec. 31, 2015, Sallie Mae had approximately 3.3 million shares of
Preferred Stock Series A outstanding, and 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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