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Sallie Mae Declares Preferred Stock Series B DividendSallie Mae (Nasdaq: SLM), formally SLM Corporation, the nation's saving, planning, and paying for college company, today announced a 2018 fourth-quarter dividend on its Preferred Stock Series B of $1.0204967 per share. The Preferred Stock Series B dividend will be paid on Dec. 17, 2018, to stockholders of record at the close of business on Dec. 7, 2018. On Sept. 30, 2018, Sallie Mae had approximately 4 million shares of Preferred Stock Series B outstanding.
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