RESTON, Va., Jan. 31, 2008—SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, today announced a 2008 first-quarter dividend on its Preferred Stock Series B of $1.4323021 per share. The dividend on the Preferred Stock Series B will be paid on March 17, 2008 to shareholders of record at the close of business on March 7, 2008.
In addition, the company announced a 2008 first-quarter dividend on its Preferred Stock Series C prorated from Dec. 31, 2007 to March 14, 2008 of $15.104166 per share. The dividend on the Preferred Stock Series C will be paid on March 17, 2008 to shareholders of record at the close of business on March 1, 2008.
On Dec. 31, 2007, SLM Corporation had 3.3 million shares of Preferred Stock Series A, 4 million shares of Preferred Stock Series B and 1 million shares of Preferred Stock Series C outstanding. All stocks trade on the New York Stock Exchange.
For more information contact:
Erica Eriksdotter (703) 984-5628
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 nearly $178 billion in education loans and serves 10 million student and parent customers. Through its Upromise affiliates, the company also manages more than $19 billion in 529 college-savings plans, and is a major, private source of college funding contributions in America with 9.4 million members and $450 million in member rewards. 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
www.salliemae.com. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.