🔒
Price chart and 15 days of daily prices
Candlestick chart with moving averages, Bollinger bands and MACD.
Register free to view.
Security Details
- Coupon Rate
- 6.00%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 12/15/2008
- Maturity Date
- 12/15/2043
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 1.50
- Distribution Dates
- 3/15, 6/15, 9/15 & 12/15
- Credit Ratings
- Moody's Ba3 · S&P B+ (12/31/2023)
- Tax-Advantaged Dividends
- No
Security Profile
- CUSIP
- 78442P304
- Market Cap
- Small Cap
- IPO
- 12/8/2003 · $25.00/share
- Previous Symbol
- SLMCP (changed 12/30/2003)
- Previous Name
- SLM Corp., 6% Senior Notes due 12/15/2043
- Parent Company
- Navient Corp. (NAVI)
Business: Navient Corp, formerly SLM Corp., 6% Senior Notes due 12/15/2043, issued in $25 denominations, redeemable at the issuer's option on or after 12/15/2008 at $25 per share plus accrued and unpaid interest, and maturing 12/15/2043. <p> Distributions of 6.00% ($1.50) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the 15th calendar day prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). <p> Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders.<p> Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. <p> The Notes are unsecured obligations of the company and will rank equally with all existing and future senior unsecured indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: Dec 12, 2011 -- Sallie Mae, the nation’s no. 1 financial services company specializing in education, will commence trading on the NASDAQ stock market today under the ticker symbol SLM.
Company Contact
- CEO
- David Yowan
- CFO
- Joe Fisher
- Headquarters
- 13865 Sunrise Valley Drive, Herndon, VA 20171
- Phone
- 703-810-3000
- Investor Relations
- Jen Earyes · Jen.Earyes@navient.com