SLM Dividend History & Analysis | 2.1% Yield

SLM has a dividend yield of 2.1% and paid 0.52 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 2.11%
Payout Ratio 13.3%
Growth Rate CAGR 5y 6.9%
Consistency Lifetime 99.2%
Yield on Cost 5y 3.1%
Payout FCF 108.1%
Streak Years 5
Dividend Rating 59.2%
Chowder Number yield + growth 9% below 15% target for healthy growth
Yield vs Average 5y -0.3% avg 2.12% vs now 2.11%
Debt / EBITDA leverage 0.4x healthy
Income per 10k invested 211 USD per year
Dividends Cash Amount per Share Yearly SLM annual dividends paid per share, showing the total cash SLM distributed to shareholders each year.
Dividend Growth Year over Year SLM year-over-year dividend growth rate, showing how SLM's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History SLM dividend yield history versus share price over the past 5 years, showing how SLM's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) Price (left)

Top Dividend Payers in Consumer Finance

Top 10 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
OMF NYSE
OneMain Holdings
6,902 M 7.40% 10.91%
JCAP NASDAQ
Jefferson Capital, Common
1,179 M 5.11% 5.45%
KSPI NASDAQ
Joint Stock Kaspi.kz
16,302 M 4.37% 4.55%
SLM NASDAQ
SLM
4,777 M 2.11% 3.07%
SYF NYSE
Synchrony Financial
23,685 M 1.65% 2.78%
COF NYSE
Capital One Financial
123,534 M 1.47% 2.01%
PRG NYSE
PROG Holdings
1,751 M 1.78% 1.27%
AXP NYSE
American Express
232,564 M 1.07% 2.19%
FCFS NASDAQ
FirstCash
8,654 M 0.98% 2.26%
BFH NYSE
Bread Financial Holdings
4,185 M 1.28% 1.27%
Top 10 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
AXP NYSE
American Express
232,564 M 16.65% 100.0%
KSPI NASDAQ
Joint Stock Kaspi.kz
16,302 M 13.87% 67.5%
FCFS NASDAQ
FirstCash
8,654 M 8.29% 100.0%
PRG NYSE
PROG Holdings
1,751 M 8.17% 100.0%
SYF NYSE
Synchrony Financial
23,685 M 7.91% 100.0%
NNI NYSE
Nelnet
4,792 M 6.98% 100.0%
SLM NASDAQ
SLM
4,777 M 6.88% 99.2%
OMF NYSE
OneMain Holdings
6,902 M 3.89% 95.6%
BFH NYSE
Bread Financial Holdings
4,185 M 1.42% 98.3%
COF NYSE
Capital One Financial
123,534 M 1.54% 98.3%

SLM Dividend History

Dividend Monthly Return EX date, 4.8 years of data

Jan - -
Feb - -
Mar 0.60% 100
Apr - -
May - -
Jun 0.56% 100
Jul - -
Aug 0.19% 22
Sep 0.37% 80
Oct - -
Nov - -
Dec 0.58% 100

Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.

Last 21 Payments (USD) as of July 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-09-04 2026-09-04 2026-09-15 Quarterly 0.13 0% N/A
2026-06-04 2026-06-04 2026-06-15 Quarterly 0.13 0% 0.59%
2026-03-05 2026-03-05 2026-03-16 Quarterly 0.13 0% 0.67%
2025-12-04 2025-12-04 2025-12-15 Quarterly 0.13 0% 0.43%
2025-09-04 2025-09-04 2025-09-15 Quarterly 0.13 0% 0.42%
2025-06-05 2025-06-05 2025-06-16 Quarterly 0.13 0% 0.41%
2025-03-05 2025-03-05 2025-03-17 Quarterly 0.13 0% 0.45%
2024-12-05 2024-12-05 2024-12-16 Quarterly 0.13 +18.2% 0.49%
2024-09-05 2024-09-05 2024-09-16 Quarterly 0.11 0% 0.52%
2024-06-06 2024-06-06 2024-06-17 Quarterly 0.11 0% 0.53%
2024-03-01 2024-03-04 2024-03-15 Quarterly 0.11 0% 0.53%
2023-12-01 2023-12-04 2023-12-15 Quarterly 0.11 0% 0.74%
2023-08-31 2023-09-01 2023-09-15 Quarterly 0.11 0% 0.77%
2023-06-01 2023-06-02 2023-06-15 Quarterly 0.11 0% 0.72%
2023-03-02 2023-03-03 2023-03-15 Quarterly 0.11 0% 0.79%
2022-12-01 2022-12-02 2022-12-15 Quarterly 0.11 0% 0.63%
2022-09-01 2022-09-02 2022-09-15 Quarterly 0.11 0% 0.73%
2022-06-02 2022-06-03 2022-06-15 Quarterly 0.11 0% 0.58%
2022-03-03 2022-03-04 2022-03-15 Quarterly 0.11 0% 0.57%
2021-12-02 2021-12-03 2021-12-15 Quarterly 0.11 +266.7% 0.61%
2021-09-02 2021-09-03 2021-09-15 Quarterly 0.03 0% 0.16%

SLM Dividend FAQ

What is the Dividend Yield of SLM?

As of July 2026, SLM's dividend yield is 2.11%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.52 USD by the current share price of 25.42.

Does SLM pay a dividend?

As of July 2026, SLM paid a dividend of 0.52 USD in the last 12 months. The last dividend was paid on 2026-09-04 and the payout was 0.13 USD.

How often does SLM pay dividends?

SLM pays dividends quarterly. Over the last 12 months, SLM has issued 4 dividend payments. The last dividend payment was made on 2026-09-04.

SLM dividend forecast

Based on historical data, the forecasted dividends per share for SLM for the next payments are between 0.131 (+0.8%) and 0.15 (+15.4%). This indicates a solid dividend increase compared to the last payment. The expected Yield for the next 12 months is about 2.21%.

Will SLM pay dividends in 2026?

The latest dividend paid per share was 0.13 USD with an Ex-Dividend Date of 2026-09-04. The next Ex-Dividend date for SLM (SLM) is 2026-09-04.

What is the next Ex-Dividend Date for SLM?

The next Ex-Dividend date for SLM (SLM) is 2026-09-04.

What is the Dividend Growth of SLM?

SLM's average dividend growth rate over the past 5 years is 6.88% per year. Strong growth: SLM's dividend growth is outpacing inflation.

What is the Yield on Cost of SLM?

SLM's 5-Year Yield on Cost is 3.07%. If you bought SLM's shares at 16.96 USD five years ago, your current annual dividend income (0.52 USD per share, trailing 12 months) equals 3.07% of your original purchase price.

What is the Payout Consistency of SLM?

SLM Payout Consistency is 99.2%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: SLM has a strong track record of consistent dividend payments over its lifetime.

Does SLM have a good Dividend Yield?

SLM's 2.11% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of SLM?

The Dividend Payout Ratio of SLM is 13.3%. Very low - Often a strong indicator of potential dividend growth.

What is the Dividend Rating of SLM?

SLM's Overall Dividend Rating is 59.20%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

SLM Outstanding Shares Analysis

The Chart shows the outstanding shares over time per year.
What is the Trend in SLM's Outstanding Shares?

SLM's outstanding shares have decreased by approximately 5.84% annually over the past 3 years (Trend Reliability: -97.1%). Shareholder-friendly: The company is actively buying back shares, reducing the share count. This increases earnings per share and often leads to higher dividends per share over time, as profits are distributed among fewer shareholders.

Has SLM ever had a Stock Split?

Yes, the last stock split was on May 1, 2014 with a ratio of 2798:1000. This was a forward split: Each share became 2.8 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
1985 1,082,688,000 0%
1986 1,000,598,000 -7.58%
1987 971,670,000 -2.89%
1988 951,123,000 -2.11%
1989 998,894,000 +5.02%
1990 1,026,481,000 +2.76%
1991 975,976,000 -4.92%
1992 943,524,000 -3.33%
1993 912,913,000 -3.24%
1994 826,709,000 -9.44%
1995 694,224,000 -16.03%
1996 579,992,000 -16.45%
1997 515,330,000 -11.15%
1998 488,202,000 -5.26%
1999 471,591,000 -3.4%
2000 489,153,000 +3.72%
2001 466,887,000 -4.55%
2002 456,582,000 -2.21%
2003 442,664,000 -3.05%
2004 420,924,000 -4.91%
2005 412,675,000 -1.96%
2006 411,040,000 -0.4%
2007 308,154,000 -25.03%
2008 466,692,000 +51.45%
2009 521,740,000 +11.8%
2010 528,862,000 +1.37%
2011 514,000,000 -2.81%
2012 448,684,200 -12.71%
2013 429,230,800 -4.34%
2014 432,108,000 +0.67%
2015 431,531,000 -0.13%
2016 435,419,000 +0.9%
2017 438,932,000 +0.81%
2018 440,264,000 +0.3%
2019 425,042,000 -3.46%
2020 380,653,000 -10.44%
2021 292,756,000 -23.09%
2022 244,615,000 -16.44%
2023 226,552,000 -7.38%
2024 216,220,000 -4.56%
2025 207,155,000 -4.19%
2026 197,875,000 -4.48%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-07-25 02:39 UTC