SOURCE: The First Marblehead Corporation

February 21, 2007 08:00 ET

First Marblehead Announces Increased Regular Quarterly Cash Dividend

BOSTON, MA -- (MARKET WIRE) -- February 21, 2007 -- The First Marblehead Corporation (NYSE: FMD) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.15 per share on the Company's Common Stock, an increase from the previous quarterly dividend of $0.12 per share. This dividend is payable on March 12, 2007 to stockholders of record at the close of business on March 5, 2007.

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:

    Gary F. Santo, Jr.
    Vice President
    Investor Relations