SLM Corp: Key Developments

SLM Corporation d/b/a Sallie Mae Announces Preferred Dividends
October 29, 2009
SLM Corporation d/b/a Sallie Mae announced that a first quarter 2010 dividend on its Preferred Stock Series A of $0.87125 per share. The dividend on the Preferred Stock Series A will be paid on February 1, 2010 to shareholders of record at the close of business on January 22, 2010. The Company also announced a fourth quarter 2009 dividend on its Preferred Stock Series C of $18.125 per share. The dividend on the Preferred Stock Series C will be paid on December 15, 2009 to shareholders of record at the close of business on December 1, 2009. In addition, the Company announced a 2009 fourth quarter dividend on its Preferred Stock Series C of $18.125 per share. The dividend on the Preferred Stock Series C will be paid on December 15, 2009 to shareholders of record at the close of business on December 1, 2009.
SLM Corporation d/b/a Sallie Mae Issues Q4 2009 And FY 2010 EPS Outlook Above Analysts' Estimates-Conference Call
October 21, 2009
SLM Corporation d/b/a Sallie Mae announced that for the fourth quarter of 2009, it expects operations to generate some $0.50 to $0.55 of earnings. For fiscal 2010, the Company expects core operating earnings to be at least $1.50 a share. According to Reuters Estimates, analysts on an average were expecting the Company to report earnings per share (EPS) of $0.48 for the fourth quarter of 2009; and $1.16 for fiscal 2010.
SLM Corporation d/b/a Sallie Mae Offers $589 Million Remarketing Notes-DJ
October 14, 2009
Dow Jones reported that SLM Corporation d/b/a Sallie Mae is offering $589 million in remarketing notes. The notes are backed by student loans and are scheduled to price on or before October 21, according to a term sheet. Remarketing agents are Bank of America Merrill Lynch, Credit Suisse and Goldman Sachs. The notes were originally issued on October 20, 2004, and are the obligations of a trust known as SLM Student Loan Trust 2004-10 and are secured by the assets of the trust.
SLM Corporation d/b/a Sallie Mae Comments On FY 2010, 2011 Earnings Guidance- Conference Call
September 16, 2009
SLM Corporation d/b/a Sallie Mae announced that it expects the earnings to improve in fiscal 2010 and probably again in fiscal 2011. According to Reuters Estimates, analysts on an average are expecting the Company to report earnings per share (EPS) of $1.22 for the fiscal 2010.
SLM Corporation d/b/a Sallie Mae Announces Preferred Dividends
July 30, 2009
SLM Corporation d/b/a Sallie Mae announced a 2009 fourth quarter dividend on its Preferred Stock Series A of $0.87125 per share. The dividend on the Preferred Stock Series A will be paid on November 2, 2009 to shareholders of record at the close of business on October 23, 2009. In addition, the Company also announced a 2009 third quarter dividend on its Preferred Stock Series B of $0.3384527 per share. The dividend on the Preferred Stock Series B will be paid on September 15, 2009 to shareholders of record at the close of business on September 4, 2009. Finally, the Company announced a 2009 third quarter dividend on its Preferred Stock Series C of $18.125 per share. The dividend on the Preferred Stock Series C will be paid on September 15, 2009 to shareholders of record at the close of business on September 1, 2009.
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Page generated 11/23/2009 12:46 AM Eastern Time

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