RESTON, Va., Jan. 25 /PRNewswire-FirstCall/ -- SLM Corporation , commonly known as Sallie Mae, today announced a 2007 first- quarter dividend on its common stock of $0.25 per share. The dividend on the common stock will be paid on March 16, 2007 to shareholders of record at the close of business on March 2, 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a )
In addition, the company announced a 2007 second-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 April 30, 2007 to shareholders of record at the close of business on April 20, 2007.
Finally, the company announced a 2007 first-quarter dividend on its Preferred Stock Series B of $1.5151575 per share. The dividend on the Preferred Stock Series B will be paid on March 15, 2007 to shareholders of record at the close of business on March 5, 2007.
On Dec. 31, 2006, SLM Corporation had 409.7 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. All stocks trade on the New York Stock Exchange.
SLM Corporation , commonly known as Sallie Mae, is the nation's leading provider of saving- and paying-for-college programs. The company manages $142 billion in education loans and serves nearly 10 million student and parent customers. Through its Upromise affiliates, the company also manages $15 billion in 529 college-savings plans, and assists more than 7.5 million members with automatic savings through rebates on everyday purchases. 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.
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk
