SLM Corporation, announced that its Board of Directors voted to increase the regular quarterly dividend on the company's common stock from 10 cents to 12.5 cents per share. The next such quarterly dividend will be paid on March 16, 2012 to shareholders of record at the close of business on March 2, 2012. The company announced a 2012 second-quarter dividend on its Preferred Stock Series B of $0.5179695 per share. The dividend on the Preferred Stock Series B will be paid on March 15, 2012 to preferred Series B shareholders of record at the close of business on March 5, 2012.