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Press release from Business Wire

Sallie Mae Declares Series A Dividend

Tuesday, December 17, 2013

Sallie Mae Declares Series A Dividend

16:15 EST Tuesday, December 17, 2013

NEWARK, Del. (Business Wire) -- Sallie Mae (NASDAQ: SLM), the nation's No. 1 financial services company specializing in education, announced a 2014 first-quarter dividend on its Preferred Stock Series A of $0.87125 per share. The dividend will be paid on Jan. 31, 2014, to stockholders of record at the close of business on Jan. 21, 2014.

On Sept. 30, 2013, Sallie Mae had approximately 436 million shares of common stock, 3.3 million shares of Preferred Stock Series A, 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 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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