SLM Corporation
SLMFinancial Services · Stock · quarterly payer
$22.28
Add to PortfolioForward Yield
2.33%
Annual Dividend
$0.52
Payout Ratio
14%
5-Yr Growth
34.1%
Ex-Date
Jun 4, 2026
Frequency
Quarterly
SLM Dividend Safety Score
64/ 100
Grade C
Borderline
Dividend-growth streak6 consecutive years of growth
Cut historyCut its dividend in 2019
Earnings payout coverage14% of earnings paid out
Balance-sheet strengthDebt/equity of 2.53
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is SLM a good dividend stock?
Yes, with caveatsSLM Corporation (SLM) pays a quarterly dividend yielding 2.33% ($0.52/yr), with 6 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (14%)
- Strong 34.1% 5-yr dividend growth
Risks
- Cut its dividend in 2019
Key Data
- Dividend Yield
- 2.33%
- Payout Ratio
- 14%
- Annual Dividend
- $0.52
- 5-Yr Avg Growth
- 34.1%
- Ex-Dividend Date
- Jun 4, 2026
- Years of Growth
- 6
- Frequency
- quarterly
- Beta
- 0.99
- Market Cap
- $4.2B
- P/E Ratio
- 6.2
- 5-Yr Total Return
- 7%
- 52-Week Range
- $17.77 – $34.97
- Dividend Safety
- C · 64/100
- Ever Cut?
- Yes (2019)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 4, 2026 | — | $0.1300 | regular |
| Mar 5, 2026 | — | $0.1300 | regular |
| Dec 4, 2025 | — | $0.1300 | regular |
| Sep 4, 2025 | — | $0.1300 | regular |
| Jun 5, 2025 | — | $0.1300 | regular |
| Mar 5, 2025 | — | $0.1300 | regular |
| Dec 5, 2024 | — | $0.1300 | regular |
| Sep 5, 2024 | — | $0.1100 | regular |
| Jun 6, 2024 | — | $0.1100 | regular |
| Mar 1, 2024 | — | $0.1100 | regular |
| Dec 1, 2023 | — | $0.1100 | regular |
| Aug 31, 2023 | — | $0.1100 | regular |
| Jun 1, 2023 | — | $0.1100 | regular |
| Mar 2, 2023 | — | $0.1100 | regular |
Income Calculator
At $0.52 / yr per share
Per payment (quarterly)$13.00
Annual$52.00
Monthly avg$4.33
