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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 1.76%
SLM's payout ratio for the trailing twelve months (TTM) is 17.27%

SLM Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-12-05$0.13quarterly2024-12-16
2024-09-05$0.11quarterly2024-09-16
2024-06-06$0.11quarterly2024-06-17
2024-03-01$0.11quarterly2024-03-15
2023-12-01$0.11quarterly2023-12-15
2023-08-31$0.11quarterly2023-09-15
2023-06-01$0.11quarterly2023-06-15
2023-03-02$0.11quarterly2023-03-15
2022-12-01$0.11quarterly2022-12-15
2022-09-01$0.11quarterly2022-09-15
2022-06-02$0.11quarterly2022-06-15
2022-03-03$0.11quarterly2022-03-15
2021-12-02$0.11quarterly2021-12-15
2021-09-02$0.03quarterly2021-09-15
2021-06-03$0.03quarterly2021-06-15
2021-03-04$0.03quarterly2021-03-15
2020-12-03$0.03quarterly2020-12-15
2020-09-03$0.03quarterly2020-09-15
2020-06-04$0.03quarterly2020-06-15
2020-03-05$0.03quarterly2020-03-16
2019-12-05$0.03quarterly2019-12-16
2019-09-05$0.03quarterly2019-09-16
2019-06-06$0.03quarterly2019-06-17
2019-03-04$0.03quarterly2019-03-15
2014-03-05$0.15quarterly2014-03-21
2013-12-04$0.15quarterly2013-12-20
2013-09-04$0.15quarterly2013-09-20
2013-06-05$0.15quarterly2013-06-21
2013-02-27$0.15quarterly2013-03-15
2012-12-05$0.12quarterly2012-12-21
2012-09-05$0.12quarterly2012-09-21
2012-05-30$0.12quarterly2012-06-15
2012-02-29$0.12quarterly2012-03-16
2011-11-30$0.10quarterly2011-12-16
2011-08-31$0.10quarterly2011-09-16
2011-06-01$0.10quarterly2011-06-17
2007-02-28$0.25quarterly2007-03-16
2006-11-29$0.25quarterly2006-12-15
2006-08-30$0.25quarterly2006-09-15
2006-05-31$0.25quarterly2006-06-16
2006-03-01$0.22quarterly2006-03-17

SLM Dividend per year

SLM Dividend growth

SLM Dividend Yield

SLM current trailing twelve-month (TTM) dividend yield is 1.76%. Interested in purchasing SLM stock? Use our calculator to estimate your expected dividend yield:

SLM Financial Ratios

P/E ratio8.43
PEG ratio0.35
P/B ratio2.63
ROE31.63%
Payout ratio17.27%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

SLM Dividend FAQ

How much is the next SLM dividend?
SLM's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next SLM dividend. The next SLM dividend will be released in March, June, August, or December.
When is SLM dividend paid?
SLM pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, August, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does SLM pay?
The specific amount of SLM dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find SLM's dividend history.
Does SLM stock pay dividends?
Yes, SLM does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find SLM's dividend history.
How much dividend does SLM pay?
SLM paid $0.46 in 2024, $0.44 in 2023, $0.44 in 2022, $0.2 in 2021, and $0.12 in 2020.
How often does SLM pay dividends?
SLM typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, August, and December.
What is SLM's dividend yield?
The current dividend yield for SLM is 1.76%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate SLM's exact dividend yield.
When does SLM go ex dividend?
SLM's ex-dividend date for the latest dividend was on 2024-12-05. SLM typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next SLM dividend paid?
SLM pays dividends on a quarterly basis, typically around March, June, August, or December, but the exact dates can vary each year.
Will SLM increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether SLM will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is SLM dividend per share?
SLM paid $0.46 per share in 2024 and $0.44 per share in 2023. The amount of dividend per share that SLM pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is SLM a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is SLM a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is SLM a dividend stock?
Yes, SLM is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is SLM a good dividend stock?
Whether SLM is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. SLM has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does SLM pay dividends monthly?
SLM typically pays dividends on a quarterly basis.
Does SLM pay dividends quarterly?
SLM currently pays dividends on a quarterly basis.
Has SLM ever paid a dividend?
Yes, SLM has a history of paying dividends to its shareholders. SLM is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy SLM dividend stocks?
To buy SLM you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy SLM stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does SLM pay dividends 2024?
SLM pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-16. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will SLM increase its dividend in 2024?
Decisions regarding SLM dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date SLM dividend overview you can look into the above table of dividend history.
How SLM dividend works?
The SLM dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how SLM's dividend process works:

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.
How are SLM dividends paid?
SLM dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does SLM pay dividends?
SLM typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does SLM pay dividends?
The general pattern is that SLM pays dividends around March, June, August, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is SLM dividend safe?
The safety of SLM's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.