Reston, Va., July 31, 2008—SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, today announced a 2008 third-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 Oct. 31, 2008 to shareholders of record at the close of business on Oct. 21, 2008.
In addition, the company announced a 2008 second-quarter dividend on its Preferred Stock Series B of $0.8881979 per share. The dividend on the Preferred Stock Series B will be paid on Sept. 15, 2008 to shareholders of record at the close of business on Sept. 5, 2008.
Finally, the company announced a 2008 second-quarter dividend on its Preferred Stock Series C of $18.125000 per share. The dividend on the Preferred Stock Series C will be paid on Sept. 15, 2008 to shareholders of record at the close of business on Sept. 1, 2008.
On June 30, 2008, SLM Corporation had 3.3 million shares of Preferred Stock Series A, 4 million shares of Preferred Stock Series B and 1.2 million shares of Preferred Stock Series C outstanding. The Preferred Stock Series A and B 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 $172 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 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.