SLM Corporation (SLM) Dividend History
SLM latest dividend
The next dividend has not been announced yet.
- 2 yearsof dividend increases
- 2019paying since
- Quarterly4 payments a year
- +34.1%5-year growth a year
- 2.38%forward yield
SLM dividend income calculator
- Dividend income a year
- $52
- Each payment
- $13
- Value of the shares
- $2,181
- Dividend yield
- 2.38%
At the latest close; forward annual dividend $0.52 per share, before tax.
SLM dividends per share by year
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
SLM dividend safety
Descriptive bands, not a rating.
SLM yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $25.69 | 2.02% | $0.52 | 2.0% |
| 3 years ago | $13.45 | 3.87% | $1.48 | 11.0% |
| 5 years ago | $17.65 | 2.95% | $2.36 | 13.4% |
| 10 years ago | $7.25 | 7.17% | $2.69 | 37.1% |
| 20 years ago | $17.04 | 3.05% | $3.42 | 20.1% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
SLM dividend payments
Each bar is one payment, by ex-dividend month (last 40 payments).
SLM dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $0.52 | +13.0% | 1.92% | 4 |
| 2024 | $0.46 | +4.5% | 1.67% | 4 |
| 2023 | $0.44 | 0.0% | 2.30% | 4 |
| 2022 | $0.44 | +120.0% | 2.65% | 4 |
| 2021 | $0.20 | +66.7% | 1.02% | 4 |
| 2020 | $0.12 | 0.0% | 0.97% | 4 |
| 2019 | $0.12 | — | 1.35% | 4 |
SLM dividend history
132 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-09-04 | 2026-09-15 | $0.13 | — | Quarterly |
| 2026-06-04 | 2026-06-15 | $0.13 | — | Quarterly |
| 2026-03-05 | 2026-03-16 | $0.13 | — | Quarterly |
| 2025-12-04 | 2025-12-15 | $0.13 | — | Quarterly |
| 2025-09-04 | 2025-09-15 | $0.13 | — | Quarterly |
| 2025-06-05 | 2025-06-16 | $0.13 | — | Quarterly |
| 2025-03-05 | 2025-03-17 | $0.13 | — | Quarterly |
| 2024-12-05 | 2024-12-16 | $0.13 | +18.2% | Quarterly |
| 2024-09-05 | 2024-09-16 | $0.11 | — | Quarterly |
| 2024-06-06 | 2024-06-17 | $0.11 | — | Quarterly |
| 2024-03-01 | 2024-03-15 | $0.11 | — | Quarterly |
| 2023-12-01 | 2023-12-15 | $0.11 | — | Quarterly |
| 2023-08-31 | 2023-09-15 | $0.11 | — | Quarterly |
| 2023-06-01 | 2023-06-15 | $0.11 | — | Quarterly |
| 2023-03-02 | 2023-03-15 | $0.11 | — | Quarterly |
| 2022-12-01 | 2022-12-15 | $0.11 | — | Quarterly |
Show all 132 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-09-01 | 2022-09-15 | $0.11 | — | Quarterly |
| 2022-06-02 | 2022-06-15 | $0.11 | — | Quarterly |
| 2022-03-03 | 2022-03-15 | $0.11 | — | Quarterly |
| 2021-12-02 | 2021-12-15 | $0.11 | +266.7% | Quarterly |
| 2021-09-02 | 2021-09-15 | $0.03 | — | Quarterly |
| 2021-06-03 | 2021-06-15 | $0.03 | — | Quarterly |
| 2021-03-04 | 2021-03-15 | $0.03 | — | Quarterly |
| 2020-12-03 | 2020-12-15 | $0.03 | — | Quarterly |
| 2020-09-03 | 2020-09-15 | $0.03 | — | Quarterly |
| 2020-06-04 | 2020-06-15 | $0.03 | — | Quarterly |
| 2020-03-05 | 2020-03-16 | $0.03 | — | Quarterly |
| 2019-12-05 | 2019-12-16 | $0.03 | — | Quarterly |
| 2019-09-05 | 2019-09-16 | $0.03 | — | Quarterly |
| 2019-06-06 | 2019-06-17 | $0.03 | — | Quarterly |
| 2019-03-04 | 2019-03-15 | $0.03 | −44.0% | Quarterly |
| 2014-03-05 | 2014-03-21 | $0.0536 | — | Quarterly |
| 2013-12-04 | 2013-12-20 | $0.0536 | — | Quarterly |
| 2013-09-04 | 2013-09-20 | $0.0536 | — | Quarterly |
| 2013-06-05 | 2013-06-21 | $0.0536 | — | Quarterly |
| 2013-02-27 | 2013-03-15 | $0.0536 | +20.0% | Quarterly |
| 2012-12-05 | 2012-12-21 | $0.0447 | — | Quarterly |
| 2012-09-05 | 2012-09-21 | $0.0447 | — | Quarterly |
| 2012-05-30 | 2012-06-15 | $0.0447 | — | Quarterly |
| 2012-02-29 | 2012-03-16 | $0.0447 | +25.0% | Quarterly |
| 2011-11-30 | 2011-12-16 | $0.0357 | — | Quarterly |
| 2011-08-31 | 2011-09-16 | $0.0357 | — | Quarterly |
| 2011-06-01 | 2011-06-17 | $0.0357 | −60.0% | Quarterly |
| 2007-02-28 | 2007-03-16 | $0.0893 | — | Quarterly |
| 2006-11-29 | 2006-12-15 | $0.0893 | — | Quarterly |
| 2006-08-30 | 2006-09-15 | $0.0893 | — | Quarterly |
| 2006-05-31 | 2006-06-16 | $0.0893 | +13.6% | Quarterly |
| 2006-03-01 | 2006-03-17 | $0.0786 | — | Quarterly |
| 2005-11-30 | 2005-12-16 | $0.0786 | — | Quarterly |
| 2005-08-31 | 2005-09-16 | $0.0786 | — | Quarterly |
| 2005-06-01 | 2005-06-17 | $0.0786 | +15.8% | Quarterly |
| 2005-03-02 | 2005-03-18 | $0.0679 | — | Quarterly |
| 2004-12-01 | 2004-12-17 | $0.0679 | — | Quarterly |
| 2004-09-01 | 2004-09-17 | $0.0679 | — | Quarterly |
| 2004-06-02 | 2004-06-18 | $0.0679 | +11.8% | Quarterly |
| 2004-03-03 | 2004-03-19 | $0.0608 | — | Quarterly |
| 2003-12-03 | 2003-12-19 | $0.0608 | — | Quarterly |
| 2003-09-03 | 2003-09-19 | $0.0608 | — | Quarterly |
| 2003-06-04 | 2003-06-20 | $0.0608 | +104.0% | Quarterly |
| 2003-03-05 | 2003-03-21 | $0.0298 | — | Quarterly |
| 2002-12-04 | 2002-12-20 | $0.0298 | +25.0% | Quarterly |
| 2002-09-04 | 2002-09-20 | $0.0238 | — | Quarterly |
| 2002-06-05 | 2002-06-21 | $0.0238 | — | Quarterly |
| 2002-02-27 | 2002-03-15 | $0.0238 | — | Quarterly |
| 2001-12-05 | 2001-12-21 | $0.0238 | −59.1% | Quarterly |
| 2001-09-05 | 2001-09-21 | $0.0583 | +179.6% | Quarterly |
| 2001-05-30 | 2001-06-15 | $0.0209 | — | Quarterly |
| 2001-02-28 | 2001-03-16 | $0.0209 | — | Quarterly |
| 2000-11-29 | 2000-12-15 | $0.0209 | +9.4% | Quarterly |
| 2000-08-30 | 2000-09-15 | $0.0191 | — | |
| 2000-05-31 | 2000-06-16 | $0.0191 | — | |
| 2000-03-01 | 2000-03-17 | $0.0191 | — | |
| 1999-12-01 | 1999-12-17 | $0.0191 | +6.7% | |
| 1999-09-01 | 1999-09-17 | $0.0179 | — | |
| 1999-06-02 | 1999-06-18 | $0.0179 | — | |
| 1999-02-24 | 1999-03-12 | $0.0179 | — | |
| 1998-12-02 | 1998-12-18 | $0.0179 | +7.1% | |
| 1998-09-02 | 1998-09-18 | $0.0167 | — | |
| 1998-06-03 | 1998-06-19 | $0.0167 | — | |
| 1998-02-25 | 1998-03-13 | $0.0167 | — | |
| 1997-12-03 | 1997-12-19 | $0.0167 | +11.3% | |
| 1997-09-03 | 1997-09-19 | $0.015 | — | |
| 1997-06-04 | 1997-06-20 | $0.015 | — | |
| 1997-02-24 | 1997-03-13 | $0.015 | — | |
| 1996-12-03 | 1996-12-19 | $0.015 | +10.0% | |
| 1996-09-03 | 1996-09-19 | $0.0136 | — | |
| 1996-06-04 | 1996-06-20 | $0.0136 | — | |
| 1996-02-22 | 1996-03-11 | $0.0136 | — | |
| 1995-12-04 | 1995-12-21 | $0.0136 | +8.2% | |
| 1995-08-31 | 1995-09-20 | $0.0126 | — | |
| 1995-06-02 | 1995-06-23 | $0.0126 | — | |
| 1995-02-16 | 1995-03-10 | $0.0126 | — | |
| 1994-11-30 | 1994-12-21 | $0.0126 | +5.7% | |
| 1994-08-29 | 1994-09-15 | $0.0119 | — | |
| 1994-06-02 | 1994-06-20 | $0.0119 | — | |
| 1994-02-17 | 1994-03-10 | $0.0119 | — | |
| 1993-12-01 | 1993-12-21 | $0.0119 | +16.7% | |
| 1993-08-27 | 1993-09-17 | $0.0102 | — | |
| 1993-06-02 | 1993-06-18 | $0.0102 | — | |
| 1993-02-22 | 1993-03-12 | $0.0102 | — | |
| 1992-12-01 | 1992-12-21 | $0.0102 | +20.0% | |
| 1992-08-28 | 1992-09-16 | $0.0085 | — | |
| 1992-05-29 | 1992-06-18 | $0.0085 | — | |
| 1992-02-20 | 1992-03-12 | $0.0085 | — | |
| 1991-12-02 | 1991-12-20 | $0.0085 | +25.0% | |
| 1991-08-27 | 1991-09-16 | $0.0068 | — | |
| 1991-05-29 | 1991-06-18 | $0.0068 | — | |
| 1991-02-20 | 1991-03-12 | $0.0068 | — | |
| 1990-12-03 | 1990-12-21 | $0.0068 | +53.7% | |
| 1990-08-28 | 1990-09-17 | $0.0044 | — | |
| 1990-05-30 | 1990-06-19 | $0.0044 | — | |
| 1990-02-21 | 1990-03-13 | $0.0044 | — | |
| 1989-12-01 | 1989-12-21 | $0.0044 | +30.3% | |
| 1989-08-28 | 1989-09-15 | $0.0034 | — | |
| 1989-05-24 | 1989-06-14 | $0.0034 | +25.0% | |
| 1989-02-22 | 1989-03-14 | $0.0027 | — | |
| 1988-12-01 | 1988-12-21 | $0.0027 | +47.8% | |
| 1988-08-26 | 1988-09-15 | $0.0018 | — | |
| 1988-05-31 | 1988-06-20 | $0.0018 | — | |
| 1988-02-23 | 1988-03-14 | $0.0018 | — | |
| 1987-12-01 | 1987-12-21 | $0.0018 | +49.6% | |
| 1987-08-25 | 1987-09-15 | $0.0012 | — | |
| 1987-06-01 | 1987-06-19 | $0.0012 | — | |
| 1987-02-24 | 1987-03-16 | $0.0012 | −63.8% | |
| 1986-12-01 | — | $0.0034 | +47.8% | |
| 1986-08-25 | — | $0.0023 | — | |
| 1986-05-23 | — | $0.0023 | — | |
| 1986-02-24 | — | $0.0023 | — | |
| 1985-11-26 | — | $0.0023 | +53.3% | |
| 1985-08-26 | — | $0.0015 | — | |
| 1985-05-24 | — | $0.0015 | — | |
| 1985-02-25 | — | $0.0015 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
SLM stock split history
- 2798:1000May 1, 2014
- 3:1June 23, 2003
- 7:2January 5, 1998
- 5:2July 3, 1989
SLM dividend overview
SLM pays an annual dividend of $0.52 per share, a yield of 2.38% at the latest close, paid quarterly. It paid $0.52 per share in 2025, up 13.0% from 2024. It has raised its dividend for 2 consecutive years. Over five years the dividend grew 34.1% a year on average. The payout ratio is 14.5% of trailing earnings.
Related: SLM cash flow statement, SLM key metrics, SLM chart. See the SLM stock overview for the latest quote and news.
SLM dividends FAQ
Does SLM pay a dividend?
Yes. SLM has paid a regular dividend since 2019, quarterly, most recently $0.13 per share with an ex-dividend date of September 4, 2026. It also paid dividends from 1985 to 2014.
What is SLM's dividend yield?
SLM's forward annual dividend is $0.52 per share, a dividend yield of 2.38% at the latest close of $21.81.
How often does SLM pay dividends?
SLM pays dividends quarterly.
How fast is SLM's dividend growing?
SLM's dividend per share grew from $0.12 in 2020 to $0.52 in 2025, 34.1% a year on average over five years; it has increased for 2 years in a row.
What is SLM's dividend payout ratio?
SLM pays out 14.5% of its trailing earnings as dividends and 121.6% of its free cash flow (fiscal 2025).
Has SLM split its stock?
SLM has split its stock 4 times: 2798:1000 on May 1, 2014, 3:1 on June 23, 2003, 7:2 on January 5, 1998, 5:2 on July 3, 1989. Dividends per share on this page are adjusted for splits.