SLM Corporation
SLMFinancial Services · Stock · quarterly payer
Forward Yield
2.14%
Annual Dividend
$0.52
Payout Ratio
14%
5-Yr Growth
34.1%
Ex-Date
Sep 4, 2026
Frequency
Quarterly
Summary
As of July 2026, SLM Corporation (SLM) yields 2.14% ($0.52 per share annually), with a blended fair-value estimate of $41.00 — +69% upside, so it screens as undervalued. Dividend safety grade: B (68/100). 2 years of dividend growth.
Is SLM a good dividend stock?
Yes, with caveatsSLM Corporation (SLM) pays a quarterly dividend yielding 2.14% ($0.52/yr), with 2 years of growth and a dividend-safety grade of B. 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
- 2.14%
- Payout Ratio
- 14%
- Annual Dividend
- $0.52
- 5-Yr Avg Growth
- 34.1%
- Ex-Dividend Date
- Sep 4, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 0.95
- Market Cap
- $4.6B
- P/E Ratio
- 6.8
- 5-Yr Total Return
- 30%
- 52-Week Range
- $17.77 – $33.49
- Dividend Safety
- B · 68/100
- Ever Cut?
- Yes (2019)
Frequently Asked Questions
SLM Price — Last 12 Months
Daily close
Price Return
1 Year
-22%
3 Years
+71%
5 Years
+30%
52-Week Range
$17.77 – $33.49
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SLM worth?
Undervaluedmedium confidenceOur blended fair-value estimate for SLM Corporation is $41.00 per share, versus a market price of $24.29. That implies 69% of upside — a margin of safety of about 41%.
Fair Value
$41.00
Current Price
$24.29
Upside
+69%
Margin of Safety
41%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -4.8% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.1% discount rate (CAPM), -4.8% stage-1 growth, 2.5% terminal growth, $3.59 EPS, $0.52 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SLM Dividend Safety Score
Safe
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
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
