SLM SLM dividend history, payout ratio & dates
SLM's latest cash dividend of $0.11 per share was issued to shareholders on record before Sep 5, 2024. At an annualized rate of $0.44 per share, the stock yields 1.98%.
Key dates
- SLM last dividend date: Sep 5, 2024
SLM dividend stats
vs. Financial Services sector
Dividend yield
SLM has a dividend yield of 1.98% which is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 2.78%, SLM's dividend yield is 29% lower. The current dividend yield is above the historical average of 1.8% of the last 5 years.
Dividend history
SLM has a dividend history dating as far as 1994, but consistently the company has been paying dividends for the last five consecutive years. Our records show that SLM has distributed four quarterly dividends in the past year. The annualized dividend per share has remained the same for the last twelve months. However with the price of the stock up by 73% from a year ago, the dividend yield has decreased by 42%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 5, 2024 | $0.11 | 2.1% |
| Jun 6, 2024 | $0.11 | 2.12% |
| Mar 1, 2024 | $0.11 | 2.13% |
| Dec 1, 2023 | $0.11 | 2.8% |
| Aug 31, 2023 | $0.11 | 3.09% |
| Jun 1, 2023 | $0.11 | 2.86% |
| Mar 2, 2023 | $0.11 | 3.14% |
| Dec 1, 2022 | $0.11 | 2.54% |
| Sep 1, 2022 | $0.11 | 2.98% |
| Jun 2, 2022 | $0.11 | 1.84% |
| Mar 3, 2022 | $0.11 | 1.51% |
| Dec 2, 2021 | $0.11 | 1.08% |
| Sep 2, 2021 | $0.03 | 0.65% |
| Jun 3, 2021 | $0.03 | 0.6% |
| Mar 4, 2021 | $0.03 | 0.75% |
| Dec 3, 2020 | $0.03 | 1.05% |
| Sep 3, 2020 | $0.03 | 1.58% |
| Jun 4, 2020 | $0.03 | 1.48% |
| Mar 5, 2020 | $0.03 | 1.15% |
| Dec 5, 2019 | $0.03 | 1.43% |
| Sep 5, 2019 | $0.03 | 1.03% |
| Jun 6, 2019 | $0.03 | 0.6% |
| Mar 4, 2019 | $0.03 | 0.27% |
SLM dividend payout ratio
Payout ratio
SLM has a payout ratio of 15.1% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 43.2%, SLM's payout ratio is 65% lower.
Total amount of dividends paid per financial year (from cash flow)
Frequently asked questions
Does SLM pay a dividend?
Yes, SLM has paid four dividends in the last twelve months. SLM has been paying dividends since 2019.
When was SLM's last dividend?
SLM's last regular dividend was on Sep 5, 2024 (ex-date) with the amount of $0.11 per share.
How much dividend does SLM pay (per share)?
On an annual basis SLM pays $0.44 per share.
What is SLM's dividend yield?
Currently SLM's dividend yield is 1.98%.
How often does SLM pay dividends?
SLM pays four dividends per year.
What is SLM's dividend payout ratio?
SLM's dividend payout ratio is 15.1%.
Does SLM pay a good dividend?
SLM's dividend yield is below the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.