SOURCE: The First Marblehead Corporation

September 12, 2007 09:14 ET

First Marblehead Announces 10% Increase in Regular Quarterly Cash Dividend; Fifth Consecutive Increase in Dividend

BOSTON, MA--(Marketwire - September 12, 2007) - The First Marblehead Corporation (NYSE: FMD) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.275 per share on the Company's Common Stock. The dividend is payable on September 28, 2007 to stockholders of record at the close of business on September 24, 2007. This is the fifth consecutive dividend increase and represents a 10% increase over the previous quarterly dividend of $0.25 per share.

About The First Marblehead Corporation

First Marblehead, a leader in creating solutions for education finance, provides outsourcing services for private, non-governmental, education lending in the United States. The Company helps meet the growing demand for private education loans by providing national and regional financial institutions and educational institutions, as well as businesses and other enterprises, with an integrated suite of design, implementation and securitization services for student loan programs tailored to meet the needs of their respective customers, students, employees and members.

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Contact Information

  • Contact:

    Janice D. Walker
    Vice President
    Corporate Communications

    Lee Jacobson
    Vice President
    Investor Relations