SLM SLM dividend history, payout ratio & dates
SLM's latest cash dividend of $0.13 per share was issued to shareholders on record before Dec 5, 2024. At an annualized rate of $0.46 per share, the stock yields 1.66%. The latest SLM dividend of $0.13 is an increase from the previous $0.11 payout, representing a growth of 18%.
Key dates
- SLM last dividend date: Dec 5, 2024
SLM dividend stats
vs. Financial Services sector
Dividend yield
SLM has a dividend yield of 1.66% which is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 2.77%, SLM's dividend yield is 40% lower. The current dividend yield is below the historical average of 1.9% 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 an increase of 4.5% for the last twelve months. However with the price of the stock up by 47% from a year ago, the dividend yield has decreased by 29%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Dec 5, 2024 | $0.13 | 1.75% |
| 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 15.8% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 44.2%, SLM's payout ratio is 64% 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 Dec 5, 2024 (ex-date) with the amount of $0.13 per share.
How much dividend does SLM pay (per share)?
On an annual basis SLM pays $0.46 per share.
What is SLM's dividend yield?
Currently SLM's dividend yield is 1.66%.
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 15.8%.
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.