Sallie Mae Announces Preferred Stock Series A Dividend

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (NASDAQ: SLM), the nation’s No. 1 financial services company specializing in education, announced a 2012 fourth 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 Oct. 31, 2012, to shareholders of record at the close of business on Oct. 19, 2012.

On June 30, 2012, Sallie Mae had 469.4 million shares of common stock, 3.3 million shares of Preferred Stock Series A, and 4.0 million shares of Preferred Stock Series B outstanding. These shares trade on NASDAQ.

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 its 25 million customers. With products and services that include 529 college savings plans, Upromise rewards, scholarship search tools, education loans, tuition, and online banking, Sallie Mae offers solutions that help families save, plan, and pay for college. Sallie Mae also provides financial services to hundreds of college campuses as well as to federal and state governments. 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.