RESTON, Va., Aug. 15 /PRNewswire-FirstCall/ -- SLM Corporation (NYSE:
SLM), commonly known as Sallie Mae, today announced a 2007 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, 2007 to
shareholders of record at the close of business on Oct. 19, 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a )
In addition, the company announced a 2007 third-quarter dividend on its
Preferred Stock Series B of $1.5823333 per share. The dividend on the
Preferred Stock Series B will be paid on Sept. 17, 2007 to shareholders of
record at the close of business on Sept. 7, 2007.
On June 30, 2007, SLM Corporation had 412 million shares of voting
common stock, 3.3 million shares of Preferred Stock Series A and 4.0
million shares of Preferred Stock Series B outstanding. All stocks trade on
the New York Stock Exchange.
SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, is the
nation's leading provider of saving- and paying-for-college programs. The
company manages $153 billion in education loans and serves nearly 10
million student and parent customers. Through its Upromise affiliates, the
company also manages $18 billion in 529 college-savings plans, and 8
million members have joined Upromise to help save for college with rewards
on purchases at nearly 70,000 places. Sallie Mae and its subsidiaries offer
debt management services as well as business and technical products to a
range of business clients, including higher education institutions, student
loan guarantors and state and federal agencies. More information is
available at http://www.salliemae.com. SLM Corporation and its subsidiaries
are not sponsored by or agencies of the United States of America.
SOURCE SLM Corporation
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Related links:
http://www.salliemae.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
http://www.prnewswire.com/comp/827187.html/
CONTACT:
Erica Eriksdotter of SLM Corporation,
+1-703-984-5628, erica.eriksdotter@salliemae.com
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