SmarterDividends
SLMBP

SLM Corporation

SLMBP

Financial Services · Credit Services · Stock · quarterly payer

$71.76

Fairly valued · +8% Add to Portfolio

Forward Yield

8.10%

Annual Dividend

$5.81

Payout Ratio

—

5-Yr Growth

19.6%

Ex-Date

Sep 4, 2026

Frequency

Quarterly

Key facts about SLMBP's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, SLM Corporation (SLMBP) has a forward dividend yield of 8.10%, based on an annual dividend of $5.81 per share and a share price of $71.76.
  • As of Oct 18, 2026, SLMBP's dividend safety grade from SmarterDividends is C (50 out of 100), which rates the dividend as borderline.
  • SLMBP last cut its regular dividend in 2025.
  • SLMBP's most recent ex-dividend date was Sep 4, 2026, for a dividend of $1.44 per share.
  • SLMBP's dividend has grown at an average rate of 19.6% a year over the past five years.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for SLMBP is $77.36 per share, 8% above the $71.76 share price, so SLMBP screens as fairly valued.
  • SLM Corporation (SLMBP) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "SLMBP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/SLMBP

Summary

As of Oct 18, 2026, SLM Corporation (SLMBP) yields 8.10% ($5.81 a year per share) and has a dividend safety grade of C (50/100).

Is SLMBP a good dividend stock?

Mixed

SLM Corporation (SLMBP) pays a quarterly dividend yielding 8.10% ($5.81/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 19.6% 5-yr dividend growth

Risks

  • Cut its dividend in 2025
  • Very high yield can signal elevated risk

Key Data

Dividend Yield
8.10%
Payout Ratio
—
Annual Dividend
$5.81
5-Yr Avg Growth
19.6%
Ex-Dividend Date
Sep 4, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.98
Market Cap
—
P/E Ratio
33.5
5-Yr Total Return
19%
52-Week Range
$70.58 – $76.27
Dividend Safety
C · 50/100
Ever Cut?
Yes (2025)

SLMBP dividend changes

SLM Corporation (SLMBP) pays a variable dividend: across the 85 payments on record since 2005, 47 were higher than the one before and 28 lower. The latest change was up 0.8% to $1.44 per share, going ex-dividend on Sep 4, 2026.

Ex-dateChangeOld → newMove
Sep 4, 2026Higher$1.43 → $1.44+0.8%
Mar 5, 2026Lower$1.51 → $1.43−5.2%
Dec 4, 2025Lower$1.59 → $1.51−4.6%
Sep 4, 2025Higher$1.58 → $1.59+0.2%
Mar 5, 2025Lower$1.75 → $1.60−8.6%
Dec 5, 2024Lower$1.85 → $1.75−5.5%
Sep 5, 2024Lower$1.90 → $1.85−3.0%
Jun 6, 2024Higher$1.86 → $1.90+2.6%
Dec 1, 2023Higher$1.84 → $1.86+1.1%
Aug 31, 2023Higher$1.70 → $1.84+8.5%
Jun 1, 2023Higher$1.61 → $1.70+5.5%
Mar 2, 2023Higher$1.31 → $1.61+22.8%
Every SLMBP payment →Download every raise and cut (CSV)
SLMBP ex-dividend date & scheduleNext ex-date Sep 4, 2026 · full ex-dividend historyView →SLMBP dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is SLMBP a good dividend stock?

Mixed. SLM Corporation (SLMBP) pays a quarterly dividend yielding 8.10% ($5.81/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is SLMBP undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SLMBP's fair value is about $77.36 versus a $71.76 share price — so it looks fairly valued (+8% vs. fair value).

Is SLMBP's dividend safe?

SLMBP has a dividend-safety grade of C (50/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is SLMBP's fair value?

Our blended fair-value estimate for SLMBP is about $77.36 per share, roughly 8% above the current $71.76 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is SLMBP a buy, hold, or sell?

We don't issue formal ratings, but on the data SLMBP screens as "mixed" and fairly valued. SLM Corporation (SLMBP) pays a quarterly dividend yielding 8.10% ($5.81/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will SLMBP cut its dividend?

SLMBP earns a dividend-safety grade of C (50/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does SLMBP pay a dividend?

Yes. SLM Corporation pays a quarterly dividend of about $5.81 per share annually, a forward yield of roughly 8.10%.

What is SLMBP's dividend yield?

As of Oct 18, 2026, SLMBP's forward dividend yield is 8.10%, based on a $5.81 annual dividend and a $71.76 share price.

What is SLMBP's dividend per share?

As of Oct 18, 2026, SLMBP pays $5.81 per share per year, distributed on a quarterly basis.

How many years has SLMBP grown its dividend?

SLMBP does not currently have a long dividend-growth streak on record.

When is the next SLMBP ex-dividend date?

As of Oct 18, 2026, SLMBP's next ex-dividend date hasn't been announced. The most recent was Sep 4, 2026, for $1.44 per share.

Income Calculator

At $5.81 / yr per share

Per payment (quarterly)$145.25
Annual$581.00
Monthly avg$48.42

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