Sallie Mae declares Q3 dividends for preferred and common stock
Sallie Mae declared a Q3 dividend of $1.4393042 per share for Preferred Stock Series B and $0.13 per share for common stock. Both dividends are payable on Sept. 15, 2026, to shareholders of record on Sept. 4, 2026.
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Sallie Mae, formally known as SLM Corporation, has declared a 2026 third-quarter dividend of $1.4393042 per share for its Preferred Stock Series B. The company also announced a dividend of $0.13 per share for its common stock for the same period. These dividends provide returns to shareholders and reflect the company's ongoing financial performance.
Both the preferred stock and common stock dividends are scheduled to be paid on Sept. 15, 2026. To qualify for the payout, shareholders must be on record as of the close of business on Sept. 4, 2026. The record date determines the official ownership of shares for dividend distribution purposes.
Dividend Details
The following table outlines the declared dividends for the third quarter of 2026:
| Stock Type | Dividend Per Share | Record Date | Payment Date |
|---|---|---|---|
| Preferred Stock Series B | $1.4393042 | Sept. 4, 2026 | Sept. 15, 2026 |
| Common Stock | $0.13 | Sept. 4, 2026 | Sept. 15, 2026 |
Sallie Mae operates as a leader in private student lending, providing financing and resources to support access to education and lifelong learning. The company and its subsidiaries are not sponsored by or agencies of the United States of America.
How might Sallie Mae's dividend policy evolve if interest rates fluctuate significantly over the next year?
What impact could the rising demand for private student loans have on Sallie Mae's future dividend payouts?
How might changes in federal student loan policies affect Sallie Mae's financial performance and shareholder returns?
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