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

BY Business Wire | AGENCY | 04/25/22 04:30 PM EDT

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae? , formally SLM Corporation (SLM), today announced a 2022 second-quarter dividend on its Preferred Stock Series B of $0.6605370 per share. The company also announced a 2022 second-quarter dividend on its common stock of $0.11 per share.

Both common stock and preferred stock dividends will be paid on June 15, 2022, to the respective stockholders of record at the close of business on June 3, 2022.

Sallie Mae 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 support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation (SLM) and its subsidiaries are not sponsored by or agencies of the United States of America.

Category: Corporate and Financial

Source: Sallie Mae

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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