SLM Dividend History
NASDAQ: SLMFinanceFinance: Consumer ServicesUSD
22.67+0.07 (+0.31%)
At close: Oct 8, 4:00 PM ET · Delayed 15 min
- Dividend yield
- 2.29%
- Annual dividend
- $0.52
- Frequency
- Quarterly
- Ex-dividend date
- Sep 4, 2026
- Payment date
- —
- Payout ratio
- 14%
SLM dividend summary
SLM pays a quarterly dividend of $0.13 per share ($0.52 annualized), a 2.29% yield at the current price. It has raised its annual dividend for 2 consecutive years. Over the past five full years, annual dividends per share have grown at a 34.1% compound annual rate.
The payout ratio is 14% of trailing earnings per share. SLM has 123 recorded dividend payments since 1987, totaling $0.52 per share over the last 12 months.
Summary generated from market data by MetaCap's automated system. Methodology
SLM dividend history
| Ex-dividend date | Cash amount | Change | Pay date |
|---|---|---|---|
| Sep 4, 2026 | $0.13 | — | — |
| Jun 4, 2026 | $0.13 | — | — |
| Mar 5, 2026 | $0.13 | — | — |
| Dec 4, 2025 | $0.13 | — | — |
| Sep 4, 2025 | $0.13 | — | — |
| Jun 5, 2025 | $0.13 | — | — |
| Mar 5, 2025 | $0.13 | — | — |
| Dec 5, 2024 | $0.13 | +18.2% | — |
| Sep 5, 2024 | $0.11 | — | — |
| Jun 6, 2024 | $0.11 | — | — |
| Mar 1, 2024 | $0.11 | — | — |
| Dec 1, 2023 | $0.11 | — | — |
| Aug 31, 2023 | $0.11 | — | — |
| Jun 1, 2023 | $0.11 | — | — |
| Mar 2, 2023 | $0.11 | — | — |
| Dec 1, 2022 | $0.11 | — | — |
| Sep 1, 2022 | $0.11 | — | — |
| Jun 2, 2022 | $0.11 | — | — |
| Mar 3, 2022 | $0.11 | — | — |
| Dec 2, 2021 | $0.11 | +266.7% | — |
| Sep 2, 2021 | $0.03 | — | — |
| Jun 3, 2021 | $0.03 | — | — |
| Mar 4, 2021 | $0.03 | — | — |
| Dec 3, 2020 | $0.03 | — | — |
| Sep 3, 2020 | $0.03 | — | — |
| Jun 4, 2020 | $0.03 | — | — |
| Mar 5, 2020 | $0.03 | — | — |
| Dec 5, 2019 | $0.03 | — | — |
| Sep 5, 2019 | $0.03 | — | — |
| Jun 6, 2019 | $0.03 | — | — |
| Mar 4, 2019 | $0.03 | -44.0% | — |
| Mar 5, 2014 | $0.0536 | — | — |
| Dec 4, 2013 | $0.0536 | — | — |
| Sep 4, 2013 | $0.0536 | — | — |
| Jun 5, 2013 | $0.0536 | — | — |
| Feb 27, 2013 | $0.0536 | +20.0% | — |
| Dec 5, 2012 | $0.0447 | — | — |
| Sep 5, 2012 | $0.0447 | — | — |
| May 30, 2012 | $0.0447 | — | — |
| Feb 29, 2012 | $0.0447 | +25.0% | — |
| Nov 30, 2011 | $0.0357 | — | — |
| Aug 31, 2011 | $0.0357 | — | — |
| Jun 1, 2011 | $0.0357 | -60.0% | — |
| Feb 28, 2007 | $0.0894 | — | — |
| Nov 29, 2006 | $0.0894 | — | — |
| Aug 30, 2006 | $0.0894 | — | — |
| May 31, 2006 | $0.0894 | +13.6% | — |
| Mar 1, 2006 | $0.0786 | — | — |
| Nov 30, 2005 | $0.0786 | — | — |
| Aug 31, 2005 | $0.0786 | — | — |
| Jun 1, 2005 | $0.0786 | +15.8% | — |
| Mar 2, 2005 | $0.0679 | — | — |
| Dec 1, 2004 | $0.0679 | — | — |
| Sep 1, 2004 | $0.0679 | — | — |
| Jun 2, 2004 | $0.0679 | +11.8% | — |
| Mar 3, 2004 | $0.0608 | — | — |
| Dec 3, 2003 | $0.0608 | — | — |
| Sep 3, 2003 | $0.0608 | — | — |
| Jun 4, 2003 | $0.0608 | +104.0% | — |
| Mar 5, 2003 | $0.0298 | — | — |
| Dec 4, 2002 | $0.0298 | +25.0% | — |
| Sep 4, 2002 | $0.0238 | — | — |
| Jun 5, 2002 | $0.0238 | — | — |
| Feb 27, 2002 | $0.0238 | — | — |
| Dec 5, 2001 | $0.0238 | +14.3% | — |
| May 30, 2001 | $0.0208 | — | — |
| Feb 28, 2001 | $0.0208 | — | — |
| Nov 29, 2000 | $0.0208 | +9.4% | — |
| Aug 30, 2000 | $0.0191 | — | — |
| May 31, 2000 | $0.0191 | — | — |
| Mar 1, 2000 | $0.0191 | — | — |
| Dec 1, 1999 | $0.0191 | +6.7% | — |
| Sep 1, 1999 | $0.0179 | — | — |
| Jun 2, 1999 | $0.0179 | — | — |
| Feb 24, 1999 | $0.0179 | — | — |
| Dec 2, 1998 | $0.0179 | +7.1% | — |
| Sep 2, 1998 | $0.0167 | — | — |
| Jun 3, 1998 | $0.0167 | — | — |
| Feb 25, 1998 | $0.0167 | — | — |
| Dec 3, 1997 | $0.0167 | +11.4% | — |
| Sep 3, 1997 | $0.015 | — | — |
| Jun 4, 1997 | $0.015 | — | — |
| Feb 24, 1997 | $0.015 | — | — |
| Dec 3, 1996 | $0.015 | +10.0% | — |
| Sep 3, 1996 | $0.0136 | — | — |
| Jun 4, 1996 | $0.0136 | — | — |
| Feb 22, 1996 | $0.0136 | — | — |
| Dec 4, 1995 | $0.0136 | +8.1% | — |
| Aug 31, 1995 | $0.0126 | — | — |
| Jun 2, 1995 | $0.0126 | — | — |
| Feb 16, 1995 | $0.0126 | — | — |
| Nov 30, 1994 | $0.0126 | +5.7% | — |
| Aug 29, 1994 | $0.0119 | — | — |
| Jun 2, 1994 | $0.0119 | — | — |
| Feb 17, 1994 | $0.0119 | — | — |
| Dec 1, 1993 | $0.0119 | +16.7% | — |
| Aug 27, 1993 | $0.0102 | — | — |
| Jun 2, 1993 | $0.0102 | — | — |
| Feb 22, 1993 | $0.0102 | — | — |
| Dec 1, 1992 | $0.0102 | +20.0% | — |
| Aug 28, 1992 | $0.0085 | — | — |
| May 29, 1992 | $0.0085 | — | — |
| Feb 20, 1992 | $0.0085 | — | — |
| Dec 2, 1991 | $0.0085 | +25.0% | — |
| Aug 27, 1991 | $0.0068 | — | — |
| May 29, 1991 | $0.0068 | — | — |
| Feb 20, 1991 | $0.0068 | — | — |
| Dec 3, 1990 | $0.0068 | +53.9% | — |
| Aug 28, 1990 | $0.0044 | — | — |
| May 30, 1990 | $0.0044 | — | — |
| Feb 21, 1990 | $0.0044 | — | — |
| Dec 1, 1989 | $0.0044 | +30.0% | — |
| Aug 28, 1989 | $0.0034 | — | — |
| May 24, 1989 | $0.0034 | +25.0% | — |
| Feb 22, 1989 | $0.0027 | — | — |
| Dec 1, 1988 | $0.0027 | +48.2% | — |
| Aug 26, 1988 | $0.0018 | — | — |
| May 31, 1988 | $0.0018 | — | — |
| Feb 23, 1988 | $0.0018 | — | — |
| Dec 1, 1987 | $0.0018 | +50.0% | — |
| Aug 25, 1987 | $0.0012 | — | — |
| Jun 1, 1987 | $0.0012 | — | — |
| Feb 24, 1987 | $0.0012 | — | — |
Dividends by year
| Year | Total per share | Payments | Growth |
|---|---|---|---|
| 2026 | $0.39 | 3 | -25.0% |
| 2025 | $0.52 | 4 | +13.0% |
| 2024 | $0.46 | 4 | +4.5% |
| 2023 | $0.44 | 4 | 0.0% |
| 2022 | $0.44 | 4 | +120.0% |
| 2021 | $0.20 | 4 | +66.7% |
| 2020 | $0.12 | 4 | 0.0% |
| 2019 | $0.12 | 4 | — |
| 2014 | $0.0536 | 1 | -75.0% |
| 2013 | $0.2144 | 4 | +20.0% |
| 2012 | $0.1787 | 4 | +66.7% |
| 2011 | $0.1072 | 3 | — |
| 2007 | $0.0894 | 1 | -74.2% |
| 2006 | $0.3467 | 4 | +14.1% |
| 2005 | $0.3038 | 4 | +14.9% |
SLM stock splits
| Date | Ratio | Type |
|---|---|---|
| May 1, 2014 | 2798-for-1000 | Forward split |
| Jun 23, 2003 | 3-for-1 | Forward split |
| Jan 5, 1998 | 7-for-2 | Forward split |
| Jul 3, 1989 | 5-for-2 | Forward split |