August 08, 2008Fannie Mae Announces Third Quarter Common and Preferred Stock Dividends
WASHINGTON, DC -- The Board of Directors of Fannie Mae (FNM/NYSE) yesterday declared a third quarter dividend on the company's common stock of five cents ($0.05) per share, down from thirty-five cents ($0.35) per share in the previous quarter. The common stock dividend has been reduced to preserve $1.9 billion in capital through 2009.
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 August 18, 2008, and will be paid on August 29, 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
Convertible Series 2008-1
Dividend payments for the preferred stock will be paid on September 30, 2008, to registered stock holders, as shown on the books of the corporation at the close of business on September 15, 2008, for the period from and including June 30, 2008 (or, May 14, 2008 in the case of Convertible Series 2008-1 Preferred Stock), to but excluding September 30, 2008.