SLM (SLM) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $0.52
- Forward yield
- 2.34%
- Payout ratio
- 14.5%
- Growth streak
- 2 years
SLM pays a quarterly dividend of $0.13 per share. Its most recent payment had an ex-date of September 4, 2026 and was paid on September 15, 2026. Over the trailing twelve months, it paid $0.52 per share, a yield of about 2.31% at a share price of $22.50.
The rate has changed once in the table. It held at $0.11 per share for twelve payments, from December 2021 through September 2024. With the December 2024 payment it rose two cents to $0.13, an increase of about 18%, and it has stayed there for the eight payments since. Payments by calendar year were $0.44 in 2022 and 2023, then rose to $0.46 in 2024 and $0.52 in 2025. The source gives a growth streak of two years. The payment calendar is regular. Ex-dates fall in early March, early June, early September and early December, and each payment follows in the middle of the month.
If the pattern holds, the next payment would go ex-dividend in early December 2026 and be paid in mid-December. The one raise in the table came with a December payment.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Jul 22, 2026 | Sep 4, 2026 | Sep 15, 2026 | $0.13 |
| Apr 22, 2026 | Jun 4, 2026 | Jun 15, 2026 | $0.13 |
| Jan 21, 2026 | Mar 5, 2026 | Mar 16, 2026 | $0.13 |
| Oct 22, 2025 | Dec 4, 2025 | Dec 15, 2025 | $0.13 |
| Jul 23, 2025 | Sep 4, 2025 | Sep 15, 2025 | $0.13 |
| Apr 23, 2025 | Jun 5, 2025 | Jun 16, 2025 | $0.13 |
| Jan 22, 2025 | Mar 5, 2025 | Mar 17, 2025 | $0.13 |
| Oct 23, 2024 | Dec 5, 2024 | Dec 16, 2024 | $0.13 |
| Jul 23, 2024 | Sep 5, 2024 | Sep 16, 2024 | $0.11 |
| Apr 22, 2024 | Jun 6, 2024 | Jun 17, 2024 | $0.11 |
| Jan 23, 2024 | Mar 1, 2024 | Mar 15, 2024 | $0.11 |
| Oct 24, 2023 | Dec 1, 2023 | Dec 15, 2023 | $0.11 |
| Jul 25, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.11 |
| Apr 25, 2023 | Jun 1, 2023 | Jun 15, 2023 | $0.11 |
| Jan 24, 2023 | Mar 2, 2023 | Mar 15, 2023 | $0.11 |
| Oct 25, 2022 | Dec 1, 2022 | Dec 15, 2022 | $0.11 |
| Jul 26, 2022 | Sep 1, 2022 | Sep 15, 2022 | $0.11 |
| Apr 25, 2022 | Jun 2, 2022 | Jun 15, 2022 | $0.11 |
| Jan 25, 2022 | Mar 3, 2022 | Mar 15, 2022 | $0.11 |
| Oct 20, 2021 | Dec 2, 2021 | Dec 15, 2021 | $0.11 |
Frequently asked questions
Does SLM (SLM) pay a dividend?
Yes. SLM pays a quarterly dividend; the most recent payment was $0.13 per share.
What is SLM's dividend yield?
SLM paid $0.52 per share over the trailing twelve months, a yield of 2.34% at the last price of $22.22. Click here to learn more
When is SLM's most recent ex-dividend date?
SLM's most recent ex-dividend date is Sep 4, 2026, payable on Sep 15, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has SLM been raising its dividend?
Yes — SLM has increased its dividend for 2 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.