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

On 1/16/14, 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 1/31/14. As a percentage of SLMAP's recent share price of $46.62, this dividend works out to approximately 1.87%, so look for shares of SLMAP to trade 1.87% lower -- all else being equal -- when SLMAP shares open for trading on 1/16/14. On an annualized basis, the current yield is approximately 7.47%, which compares to an average yi...