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SLM SLM dividend history, payout ratio & dates

SLM's latest quarterly cash dividend of $0.11 per share was issued to shareholders on record before Mar 1, 2024. At an annualized rate of $0.44 per share, the stock yields 2.13%.

Key dates

  • SLM last dividend date: Mar 1, 2024
  • SLM next dividend date: Not announced
SLM dividend stats
DPS
$0.44
Dividend yield
2.13%
Payout ratio
18%
vs. Financial Services sector
Dividend yield
3.51%
Payout ratio
39.4%

Dividend yield

What is SLM current dividend yield

SLM has a dividend yield of 2.13% which is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 3.51%, SLM's dividend yield is 39% lower. The current dividend yield is above the historical average of 1.8% of the last 5 years.

Dividend history

What is SLM dividend payout history and dates

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 54% from a year ago, the dividend yield has decreased by 35%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Mar 1, 2024 Mar 15, 2024 Jan 23, 2024 $0.11 normal
Dec 1, 2023 Dec 15, 2023 Oct 24, 2023 $0.11 normal
Aug 31, 2023 Sep 15, 2023 Jul 25, 2023 $0.11 normal
Jun 1, 2023 Jun 15, 2023 Apr 25, 2023 $0.11 normal
Mar 2, 2023 Mar 15, 2023 Jan 24, 2023 $0.11 normal
Dec 1, 2022 Dec 15, 2022 Oct 25, 2022 $0.11 normal
Sep 1, 2022 Sep 15, 2022 Jul 26, 2022 $0.11 normal
Jun 2, 2022 Jun 15, 2022 Apr 25, 2022 $0.11 normal
Mar 3, 2022 Mar 15, 2022 Jan 25, 2022 $0.11 normal
Dec 2, 2021 Dec 15, 2021 Oct 20, 2021 $0.11 normal
Sep 2, 2021 Sep 15, 2021 Jul 29, 2021 $0.03 normal
Jun 3, 2021 Jun 15, 2021 Apr 29, 2021 $0.03 normal
Mar 4, 2021 Mar 15, 2021 Jan 26, 2021 $0.03 normal
Dec 3, 2020 Dec 15, 2020 Nov 19, 2020 $0.03 normal
Sep 3, 2020 Sep 15, 2020 Jun 18, 2020 $0.03 normal
Jun 4, 2020 Jun 15, 2020 Apr 30, 2020 $0.03 normal
Mar 5, 2020 Mar 16, 2020 Jan 30, 2020 $0.03 normal
Dec 5, 2019 Dec 16, 2019 Nov 7, 2019 $0.03 normal
Sep 5, 2019 Sep 16, 2019 Jun 20, 2019 $0.03 normal
Jun 6, 2019 Jun 17, 2019 Apr 25, 2019 $0.03 normal
Mar 4, 2019 Mar 15, 2019 Jan 22, 2019 $0.03 normal

SLM dividend payout ratio

What is SLM dividend payout ratio compared to the sector

Payout ratio

SLM has a payout ratio of 18% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 39.4%, SLM's payout ratio is 54% 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 is SLM's next dividend?

SLM hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in June 2024.

When was SLM's last dividend?

SLM's last regular dividend was on Mar 1, 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 2.13%.

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 18%.

Does SLM pay a good dividend?

SLM's dividend yield is below the Financial Services sector average.