SLM
SLM
dividend history, payout ratio & dates
- Stocks
- Financial Services
- NASDAQ: SLM
- Dividend
Last dividend date: Sep 4, 2026
Dividend yield: 2.91%
Payout ratio: 18.6%
SLM's latest cash dividend of $0.13 per share was issued to shareholders on record before Sep 4, 2026. At an annualized rate of $0.52 per share, the stock yields 2.91%.
SLM dividend stats
vs. Financial Services sector
SLM Dividend yield
SLM has a dividend yield of 2.91% which is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 2.44%, SLM's dividend yield is 19% higher. The current dividend yield is above the historical average of 2.2% of the last 5 years.
SLM Dividend history
SLM has a dividend history dating as far as 1994, but consistently the company has been paying dividends for the last seven 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 down by 33% from a year ago, the dividend yield has an increase of 50%.
SLM Dividend history chart
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 4, 2026 | $0.13 | 1.92% |
| Jun 4, 2026 | $0.13 | 2.33% |
| Mar 5, 2026 | $0.13 | 2.61% |
| Dec 4, 2025 | $0.13 | 1.72% |
| Sep 4, 2025 | $0.13 | 1.64% |
| Jun 5, 2025 | $0.13 | 1.57% |
| Mar 5, 2025 | $0.13 | 1.64% |
| 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 18.6% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 31.9%, SLM's payout ratio is 42% 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 4, 2026 (ex-date) with the amount of $0.13 per share.
How much dividend does SLM pay (per share)?
On an annual basis SLM pays $0.52 per share.
What is SLM's dividend yield?
Currently SLM's dividend yield is 2.91%.
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 18.6%.
Does SLM pay a good dividend?
SLM's dividend yield is above the Financial Services sector average.
Special dividends are included in TTM DPS and yield.