SLM's latest quarterly cash dividend of $0.11 per share was issued to shareholders on record before Aug 31, 2023. At an annualized rate of $0.44 per share, the stock yields 3.2%.
SLM has a dividend yield of 3.2% which is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 3.75%, SLM's dividend yield is 15% lower.
SLM has a dividend history dating as far as 1994, but consistently the company has been paying dividends for the last four 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 3.2% from a year ago, the dividend yield has an increase of 3.3%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 has a payout ratio of 27.5% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 33.4%, SLM's payout ratio is 18% lower.
Yes, SLM has paid four dividends in the last twelve months. SLM has been paying dividends since 2019.
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 November 2023.
SLM's last regular dividend was on Aug 31, 2023 (ex-date) with the amount of $0.11 per share.
On an annual basis SLM pays $0.44 per share.
Currently SLM's dividend yield is 3.2%.
SLM pays four dividends per year.
SLM's dividend payout ratio is 27.5%.
SLM's dividend yield is below the Financial Services sector average.