Sallie Mae Announces Preferred Dividends

SLM Corporation SLM today announced a 2011 first-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 Jan. 31, 2011, to shareholders of record at the close of business on Jan. 21, 2011. In addition, the company announced a 2010 fourth-quarter dividend on its Preferred Stock Series B of $0.2507252 per share. The dividend on the Preferred Stock Series B will be paid on Dec. 15, 2010, to shareholders of record at the close of business on Dec. 3, 2010. Finally, the company announced a 2010 fourth-quarter dividend on its Preferred Stock Series C of $18.125 per share. The dividend on the Preferred Stock Series C will be paid on Dec. 15, 2010, to shareholders of record at the close of business on Dec. 1, 2010.