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SLM SLM Corp Dividend

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
DPS
$0.12
Dividend yield
0.67%
Payout ratio
3.3%
Financial Services sector
Dividend yield
2.38%
Payout ratio
32.1%

Dividend yield

SLM has a dividend yield of 0.67% which is below the Financial Services sector and the industry average.

Dividend history

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%.

Recent dividends

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

Dividend payouts

Payout ratio

SLM has a payout ratio of 3.3% which is lower than the Financial Services sector and the industry average.

Total amount of dividends paid per financial year (from cash flow)