SLM Corp.'s Cumulative Redeemable Preferred Stock, Series A Ex-Dividend Reminder

On 7/17/13, SLM Corp.'s 6.97% Cumulative Redeemable Preferred Stock, Series A (NASD: SLMAP) will trade ex-dividend, for its quarterly dividend of $0.8712, payable on 7/30/13. As a percentage of SLMAP's recent share price of $49.60, this dividend works out to approximately 1.76%, so look for shares of SLMAP to trade 1.76% lower ? all else being equal ? when SLMAP shares open for trading on 7/17/13. On an annualized basis, the current yield is approximately 7.00%, which compares to an average yiel...