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Sallie Mae Declares Dividends on Preferred Stock Series B and Common Stock

January 30, 2020 GMT

NEWARK, Del.--(BUSINESS WIRE)--Jan 30, 2020--

Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced a 2020 first-quarter dividend on its Preferred Stock Series B of $0.9099065 per share. The company also announced a 2020 first-quarter dividend on its common stock of $0.03 per share.

Both common stock and preferred stock dividends will be paid on March 16, 2020, to the respective stockholders of record at the close of business on March 6, 2020.

Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to help make college happen and offer products and resources to help customers make new goals and experiences, beyond college, possible. 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200130005612/en/

CONTACT: Media:

Rick Castellano

302.451.2541

Rick.Castellano@SallieMae.comInvestors:

Brian Cronin

302.451.0304

Brian.Cronin@SallieMae.com

KEYWORD: DELAWARE UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES EDUCATION FINANCE OTHER EDUCATION CONTINUING UNIVERSITY

SOURCE: Sallie Mae

Copyright Business Wire 2020.

PUB: 01/30/2020 04:30 PM/DISC: 01/30/2020 04:30 PM

http://www.businesswire.com/news/home/20200130005612/en