AP NEWS

Sallie Mae Declares Preferred Stock Series B Dividend

November 16, 2018

NEWARK, Del.--(BUSINESS WIRE)--Nov 16, 2018--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, the nation’s saving, planning, and paying for college company, today announced a 2018 fourth-quarter dividend on its Preferred Stock Series B of $1.0204967 per share. The Preferred Stock Series B dividend will be paid on Dec. 17, 2018, to stockholders of record at the close of business on Dec. 7, 2018.

On Sept. 30, 2018, Sallie Mae had approximately 4 million shares of Preferred Stock Series B outstanding.

Sallie Mae (Nasdaq: SLM) is the nation’s saving, planning, and paying for college company. Whether college is a long way off or just around the corner, Sallie Mae offers products that promote responsible personal finance, including private education loans, free scholarship search tools, free college financial planning tools, and online retail banking. 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/20181116005229/en/

CONTACT: Media:

Rick Castellano

302-451-2541

rick.castellano@salliemae.com

Investors:

Brian Cronin

302-451-0304

brian.cronin@salliemae.com

KEYWORD: UNITED STATES NORTH AMERICA DELAWARE

INDUSTRY KEYWORD: EDUCATION UNIVERSITY CONTINUING PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Sallie Mae

Copyright Business Wire 2018.

PUB: 11/16/2018 09:00 AM/DISC: 11/16/2018 09:01 AM

http://www.businesswire.com/news/home/20181116005229/en

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