Sallie Mae 2008 Annual Report Download - page 23
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Stock Performance
The following graph compares the yearly percentage change in the Company’s cumulative total
shareholder return on its common stock to that of Standard & Poor’s 500 Stock Index and Standard & Poor’s
Financials Index. The graph assumes a base investment of $100 at December 31, 2003 and reinvestment of
dividends through December 31, 2008.
Five Year Cumulative Total Shareholder Return
$0
$20
$40
$60
$80
$100
$120
$140
$160
200820072006200520042003
SLM Corporation S&P Financials Index
SLM Corporation S&P 500 Index
Company/Index 12/31/03 12/31/04 12/31/05 12/31/06 12/31/07 12/31/08
SLM Corporation ...... $100.0 $143.7 $150.5 $135.9 $ 56.8 $25.1
S&P Financials Index . . . 100.0 110.7 117.7 139.9 114.5 52.4
S&P 500 Index........ 100.0 110.7 116.1 134.2 141.6 89.8
Source: Bloomberg Total Return Analysis
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