SLM's latest quarterly cash dividend of $0.03 per share was issued to shareholders on record before Sep 2, 2021. At an annualized rate of $0.12 per share, the stock yields 0.67%.
SLM next dividend date: Dec 2, 2021
SLM has a dividend yield of 0.67% which is below the Financial Services sector and the industry average.
SLM has a dividend history dating as far as 1994, but consistently the company has been paying dividends for the last two 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 60% from a year ago, the dividend yield has decreased by 38%.
| Declared on | Ex-date | Payment date | Amount | Type |
|---|---|---|---|---|
| Jul 29, 2021 | Sep 2, 2021 | Sep 15, 2021 | $0.03 | normal |
| Apr 29, 2021 | Jun 3, 2021 | Jun 15, 2021 | $0.03 | normal |
| Jan 26, 2021 | Mar 4, 2021 | Mar 15, 2021 | $0.03 | normal |
| Nov 19, 2020 | Dec 3, 2020 | Dec 15, 2020 | $0.03 | normal |
| Jun 18, 2020 | Sep 3, 2020 | Sep 15, 2020 | $0.03 | normal |
| Apr 30, 2020 | Jun 4, 2020 | Jun 15, 2020 | $0.03 | normal |
| Jan 30, 2020 | Mar 5, 2020 | Mar 16, 2020 | $0.03 | normal |
| Nov 7, 2019 | Dec 5, 2019 | Dec 16, 2019 | $0.03 | normal |
| Jun 20, 2019 | Sep 5, 2019 | Sep 16, 2019 | $0.03 | normal |
| Apr 25, 2019 | Jun 6, 2019 | Jun 17, 2019 | $0.03 | normal |
| Jan 22, 2019 | Mar 4, 2019 | Mar 15, 2019 | $0.03 | normal |
SLM has a payout ratio of 3.3% which is lower than the Financial Services sector and the industry average.