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

BY Business Wire | AGENCY | 07/23/24 04:30 PM EDT

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae? , formally SLM Corporation (SLM), today announced a 2024 third-quarter dividend on its Preferred Stock Series B of $1.8467034 per share. The company also announced a 2024 third-quarter dividend on its common stock of $0.11 per share.

Both preferred stock and common stock dividends will be paid on Sept. 16, 2024, to the respective stockholders of record at the close of business on Sept. 5, 2024.

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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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

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.

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