Fannie Mae has announced that it has received the consent of its conservator, the Federal Housing Finance Agency, and the Treasury Department to pay the previously declared but unpaid dividends on all its outstanding preferred stock on Sept. 30, as scheduled. The dividends were declared before the government-sponsored enterprise was placed in conservatorship. The record date is Sept. 15. "Treasury's consent is limited solely to the payment of this previously declared but unpaid preferred stock dividend," Fannie said. Future common and preferred stock dividends will be eliminated, as announced on Sept. 7.
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