SLMBP SLM Corp Floating Rate Non-Cumulative Preferred Stock Series B
When, as, and if declared by our board of directors, dividends are payable at a floating rate of three-month LIBOR plus 0.70% per annum quarterly in arrears on and until June 15, 2011. After and including the period beginning on June 15, 2011, dividends on the shares will be payable at a floating rate of three-month LIBOR plus 1.70% per annum quarterly in arrears. Dividends on the shares are not cumulative and, accordingly, if for any reason our board of directors does not declare a dividend on the shares for a quarterly dividend period, holders of the shares will have no right to receive a dividend for that period, and we will have no obligation to pay a dividend for that period, whether or not we pay dividends in full or have sufficient funds to pay dividends in the future. Dividends are payable on March 15, June 15, September 15 and December 15 of each year, beginning September 15, 2005 unless such day is not a business day, in which case, the related dividend will be paid on the next succeeding business day. This security was issued by Sallie Mae, whose common stock symbol is SLM.
$57.97 +0.23 (0.40%)
As of 03/27/2023 10:23:00 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: Credit Services
Index country: USA
Country of incorporation: USA
IPO date: 07/11/2005
Outstanding shares: 4,000,000
Average volume: 11,746
Market cap: $230,440,000
Current dividend yield: 11.17% calculation
Initial coupon rate: 0.000%
Spread to LIBOR: 0.017000
Cumulative: No
Liquidation value: $100.00
Callable after: 06/15/2010
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: B0B87Z6