Fannie Mae Announces First Quarter Common and Preferred Stock Dividends
WASHINGTON, DC -- The Board of Directors of Fannie Mae (FNM/NYSE) today declared a first quarter dividend on the company's common stock of thirty-five cents ($0.35) per share.
The dividend payment on the common stock will be made to registered holders of common stock as shown on the books of the corporation at the close of business on January 31, 2008 and will be paid on February 25, 2008.
The Board also declared dividend payments for the following series of preferred stock:
Outstanding Preferred Stock
Dividend Payment Per Share
Convertible Series 2004-1
Dividend payments for the preferred stock will be paid on March 31, 2008 to registered stock holders, as shown on the books of the corporation at the close of business on March 17, 2008, for the period from and including December 31, 2007 or, December 11, 2007 in the case of the Preferred Stock Series S, to but excluding March 31, 2008.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this press release constitutes advice on the merits of buying or selling a particular investment.
Fannie Mae is a shareholder-owned company with a public mission. We exist to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. Our job is to help those who house America.