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Press release from Business Wire

Sallie Mae Declares Common Stock Dividend

<p class='bwalignc'> <i><b>Announces Preferred Stock Series B Dividend</b></i> </p>

Thursday, August 08, 2013

Sallie Mae Declares Common Stock Dividend

16:15 EDT Thursday, August 08, 2013

NEWARK, Del. (Business Wire) -- Sallie Mae (NASDAQ: SLM), the nation's No. 1 financial services company specializing in education, announced a 2013 third-quarter dividend on its common stock of $0.15 per share. The dividend will be paid on Sept. 20, 2013, to stockholders of record at the close of business on Sept. 6, 2013.

In addition, the company announced a 2013 third-quarter dividend on its Preferred Stock Series B of $0.4986674 per share. The dividend on the Preferred Stock Series B will be paid on Sept. 16, 2013, to stockholders of record at the close of business on Sept. 6, 2013.

On June 30, 2013, Sallie Mae had 436 million shares of common stock and 4 million shares of Preferred Stock Series B outstanding. These shares trade on NASDAQ.

Sallie Mae (NASDAQ: SLM) is the nation's No. 1 financial services company specializing in education. Celebrating 40 years of making a difference, Sallie Mae continues to turn education dreams into reality for American families, today serving 25 million customers. With products and services that include 529 college savings plans, Upromise rewards, scholarship search and planning tools, education loans, insurance, and online banking, Sallie Mae offers solutions that help families save, plan, and pay for college. Sallie Mae also provides financial services to hundreds of college campuses as well as to federal and state governments. 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.

Sallie Mae
Media:
Patricia Nash Christel, 302-283-4076
patricia.christel@SallieMae.com
or
Investors:
Joe Fisher, 302-283-4075
joe.fisher@SallieMae.com
or
Steven McGarry, 302-283-4074
steven.j.mcgarry@SallieMae.com

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