NEWARK, DE — Sallie Mae (Nasdaq: SLM) declared fourth-quarter 2026 dividends of 13 cents per common share and approximately $1.49 per Series B preferred share, maintaining shareholder distributions as the private student lender approaches the end of the year.
The Newark-based company, formally known as SLM Corporation, said both dividends will be paid December 15 to shareholders of record at the close of business December 4.
The preferred stock dividend amounts to $1.4939647 per share, while common shareholders will receive $0.13 per share.
The payments represent separate distributions to holders of the company’s two classes of stock, with preferred shares carrying dividend terms distinct from those of common stock.
Sallie Mae specializes in private student lending, providing financing for higher education and related financial products and resources.
SLM Corporation and its subsidiaries operate independently of the federal government and are not government-sponsored entities.
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