■ Announcement · August 3, 2026
Sallie Mae Declares Q3 Dividends on Common and Preferred Stock
Sallie Mae (SLM) announced third-quarter dividends of $1.4393042 per share on Series B preferred stock and $0.13 per share on common stock, payable Sept. 15.
Dividend Declaration Details
Sallie Mae (Nasdaq: SLM), formally known as SLM Corp., has declared its third-quarter dividends. The company will pay $1.4393042 per share on its Series B preferred stock and $0.13 per share on its common stock. Both dividends are scheduled for distribution on Sept. 15.
Shareholders of record at the close of business on Sept. 4 will be eligible to receive the respective dividends. The declaration maintains the lender's quarterly cash return to shareholders across both its preferred and common equity classes.
Company Background
Sallie Mae provides private student loans and related education-finance products. The company and its subsidiaries are not sponsored by or agencies of the U.S. government.
What it means for income investors
The consistent quarterly dividend on common stock and the fixed preferred dividend provide a steady income stream for shareholders. The preferred dividend rate reflects the terms of the Series B issue, while the common dividend remains at its prior level.
Reporting based on: mychesco.com. Figures verified against market data where available.