SLM Corporation Announces Preferred Dividends.RESTON, Va. -- SLM Corporation SLM Corporation, foremost provider of funding for higher education to American students; commonly known as Sallie Mae. The company, which also offers information and resources to assist students and others in obtaining funding, had a portfolio of some $127 billion in (NYSE NYSE See: New York Stock Exchange : SLM See service level management system and spatial light modulator. ), commonly known as Sallie Mae Sallie Mae: see SLM Corporation. , today announced a 2010 first-quarter dividend on its Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. Series A of $0.87125 per share. The dividend on the Preferred Stock Series A will be paid on Feb. 1, 2010 to shareholders of record at the close of business on Jan. 22, 2010. In addition, the company announced a 2009 fourth-quarter dividend on its Preferred Stock Series B of $0.2515139 per share. The dividend on the Preferred Stock Series B will be paid on Dec. 15, 2009 to shareholders of record at the close of business on Dec. 4, 2009. Finally, the company announced a 2009 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, 2009 to shareholders of record at the close of business on Dec. 1, 2009. On Sept. 30, 2009, 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. The Preferred Stock Series A and B trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, is the nation's leading provider of saving, planning and paying for education programs. Through its subsidiaries, the company manages $192 billion in education loans and serves 10 million student and parent customers. Through its Upromise affiliates, the company also manages more than $21 billion in 529 college-savings plans, and is a major, private source of college funding contributions in America with 11 million members and more than $500 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 UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, . |
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