SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans. It serves students and families through financial aid, federal loans, and student and family resources. The company was formerly known as New BLC Corporation and changed its name to SLM Corporation in December 2013. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.
SLM Dividend Announcement
• SLM announced a quarterly dividend of $0.13 per ordinary share which will be made payable on 2024-12-16. Ex dividend date: 2024-12-05
• SLM annual dividend for 2024 was $0.46
• SLM annual dividend for 2023 was $0.44
• SLM's trailing twelve-month (TTM) dividend yield is 2.3%
• SLM's payout ratio for the trailing twelve months (TTM) is 17.27%
SLM Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-05 | $0.13 | quarterly | 2024-12-16 |
2024-09-05 | $0.11 | quarterly | 2024-09-16 |
2024-06-06 | $0.11 | quarterly | 2024-06-17 |
2024-03-01 | $0.11 | quarterly | 2024-03-15 |
2023-12-01 | $0.11 | quarterly | 2023-12-15 |
2023-08-31 | $0.11 | quarterly | 2023-09-15 |
2023-06-01 | $0.11 | quarterly | 2023-06-15 |
2023-03-02 | $0.11 | quarterly | 2023-03-15 |
2022-12-01 | $0.11 | quarterly | 2022-12-15 |
2022-09-01 | $0.11 | quarterly | 2022-09-15 |
2022-06-02 | $0.11 | quarterly | 2022-06-15 |
2022-03-03 | $0.11 | quarterly | 2022-03-15 |
2021-12-02 | $0.11 | quarterly | 2021-12-15 |
2021-09-02 | $0.03 | quarterly | 2021-09-15 |
2021-06-03 | $0.03 | quarterly | 2021-06-15 |
2021-03-04 | $0.03 | quarterly | 2021-03-15 |
2020-12-03 | $0.03 | quarterly | 2020-12-15 |
2020-09-03 | $0.03 | quarterly | 2020-09-15 |
2020-06-04 | $0.03 | quarterly | 2020-06-15 |
2020-03-05 | $0.03 | quarterly | 2020-03-16 |
2019-12-05 | $0.03 | quarterly | 2019-12-16 |
2019-09-05 | $0.03 | quarterly | 2019-09-16 |
2019-06-06 | $0.03 | quarterly | 2019-06-17 |
2019-03-04 | $0.03 | quarterly | 2019-03-15 |
2014-03-05 | $0.15 | quarterly | 2014-03-21 |
2013-12-04 | $0.15 | quarterly | 2013-12-20 |
2013-09-04 | $0.15 | quarterly | 2013-09-20 |
2013-06-05 | $0.15 | quarterly | 2013-06-21 |
2013-02-27 | $0.15 | quarterly | 2013-03-15 |
2012-12-05 | $0.12 | quarterly | 2012-12-21 |
2012-09-05 | $0.12 | quarterly | 2012-09-21 |
2012-05-30 | $0.12 | quarterly | 2012-06-15 |
2012-02-29 | $0.12 | quarterly | 2012-03-16 |
2011-11-30 | $0.10 | quarterly | 2011-12-16 |
2011-08-31 | $0.10 | quarterly | 2011-09-16 |
2011-06-01 | $0.10 | quarterly | 2011-06-17 |
2007-02-28 | $0.25 | quarterly | 2007-03-16 |
2006-11-29 | $0.25 | quarterly | 2006-12-15 |
2006-08-30 | $0.25 | quarterly | 2006-09-15 |
2006-05-31 | $0.25 | quarterly | 2006-06-16 |
2006-03-01 | $0.22 | quarterly | 2006-03-17 |
SLM Dividend per year
SLM Dividend growth
SLM Dividend Yield
SLM current trailing twelve-month (TTM) dividend yield is 2.3%. Interested in purchasing SLM stock? Use our calculator to estimate your expected dividend yield:
SLM Financial Ratios
SLM Dividend FAQ
Other factors to consider when evaluating SLM as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: SLM's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, SLM publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, SLM distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from SLM are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: SLM sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, SLM distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: SLM declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of SLM's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review SLM's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.