Reston, Va., May 22, 2009—SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, today announced a 2009 third-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 July 30, 2009 to shareholders of record at the close of business on July 20, 2009.
In addition, the company announced a 2009 second-quarter dividend on its Preferred Stock Series B of $0.5095065 per share. The dividend on the Preferred Stock Series B will be paid on June 15, 2009 to shareholders of record at the close of business on June 5, 2009.
Finally, the company announced a 2009 second-quarter dividend on its Preferred Stock Series C of $18.125 per share. The dividend on the Preferred Stock Series C will be paid on June 15, 2009 to shareholders of record at the close of business on June 1, 2009.
On March 31, 2009, SLM Corporation had 3.3 million shares of Preferred Stock Series A, 4 million shares of Preferred Stock Series B and 1.1 million shares of Preferred Stock Series C outstanding. The Preferred Stock Series A and B trade on the New York Stock Exchange.
For more information contact:
Erica Eriksdotter (703) 984-5628
SLM Corporation (NYSE:
SLM), commonly known as Sallie Mae, is the nation’s leading saving, planning and paying for education company. Sallie Mae’s saving programs, planning resources and financing options have helped more than 31 million people make the investment in higher education. Through its subsidiaries, the company manages $176 billion in education loans and serves 10 million student and parent customers. In addition, the company’s Upromise program has enabled 11 million members to earn more than $525 million in rewards to help pay for college. Its Upromise affiliates also manage more than $23 billion in 529 college-savings plans. Sallie Mae offers services to a range of institutional clients, including colleges and universities, student loan guarantors and state and federal agencies. More information is available at
www.SallieMae.com. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.