Sallie Mae Enhances Shareholder Value
SLM Corp. (NYSE:SLM), commonly known as Sallie Mae, remains committed to boosting investors’ confidence through dividend increases and share buybacks. The company announced a 25% hike in its quarterly dividend to 12.5 cents per share from 10 cents. Alongside, the company declared a $500 million share buyback program. The increased dividend will be paid on [...]
SLM Corp. (NYSE:SLM), commonly known as Sallie Mae, remains committed to boosting investors’ confidence through dividend increases and share buybacks. The company announced a 25% hike in its quarterly dividend to 12.5 cents per share from 10 cents. Alongside, the company declared a $500 million share buyback program.
The increased dividend will be paid on March 16, to shareholders of record as of the close of business on March 2. The share buyback program has no expiration date.
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