Sallie Mae (SLM) declares $0.15/share quarterly dividend, 20% increase from prior dividend of $0.125. Forward yield 3.50%. For shareholders of record Mar. 01. Payable Mar. 15. Ex-div date Feb. 27. The board authorized to repurchase shares worth $400M. (PR)
SLM Corp is engaged in saving, planning and paying for education company. It provides funding, delivery & servicing support for education loans in the United States through its private education loan programs.