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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 3, 2022. At an annualized rate of $0.28 per share, the stock yields 1.55%.

Key dates

  • SLM last dividend date: Mar 3, 2022
  • SLM next dividend date: Jun 2, 2022
SLM dividend stats
DPS
$0.28
Dividend yield
1.55%
Payout ratio
12.7%
vs. Financial Services sector
Dividend yield
2.8%
Payout ratio
33.6%

Dividend yield

What is SLM current dividend yield

SLM has a dividend yield of 1.55% which is below the Financial Services sector and the industry average.

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 three consecutive years. Our records show that SLM has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 133% for the last twelve months. And with the price of the stock down by 8% from a year ago, the dividend yield has an increase of 154%.

Recent dividends

Declared on Ex-date Payment date Amount Type
Jan 25, 2022 Mar 3, 2022 Mar 15, 2022 $0.11 normal
Oct 20, 2021 Dec 2, 2021 Dec 15, 2021 $0.11 normal
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 payout ratio

What is SLM dividend payout ratio compared to the sector

Payout ratio

SLM has a payout ratio of 12.7% which is lower than the Financial Services sector and the industry average.

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