Does SLM pay a dividend?

Yes. SLM Corporation pays a quarterly dividend, currently yielding 1.91% based on trailing twelve-month payments of $0.52 per share.

How much does SLM pay in dividends?

$0.52 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.

When is the next SLM ex-dividend date?

The next ex-dividend date on record is September 4, 2026, with payment on September 15, 2026. You must own the shares before the ex-dividend date to receive that payment.

SLM Dividend

SLM Corporation

NASDAQFinancial ServicesStockData as of August 12, 2026

Dividend yield: 1.91%
Annual dividend: $0.52
Payout ratio: 0.94
Frequency: Quarterly
Share price: $27.16
Market cap: $5.1B

Next payment

Ex-dividend date: September 4, 2026Pay date: September 15, 2026Amount: $0.1300

You must own the shares before the ex-dividend date to receive this payment.

Is SLM a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

Yield is below the market median1.91% against a median of 2.78%. A lower yield is common among companies that reinvest more of their earnings or whose shares have risen.
Dividend uses most of earningsA payout ratio of 0.94 leaves a narrower margin than the sub-0.60 range generally considered comfortable, though it remains within earnings.
Dividend has been cut 3 timesAcross 34 complete years, the annual total fell in 1987, 2007, 2014. The most recent reduction was in 2014.

SLM dividend history

Annual dividend per share, 1985 to 2025.

Peak $0.5200 in 2025Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for SLM, most recent first.
Ex-dividend date	Pay date	Amount	Type
September 4, 2026	September 15, 2026	$0.1300	Quarterly
June 4, 2026	June 15, 2026	$0.1300	Quarterly
March 5, 2026	March 16, 2026	$0.1300	Quarterly
December 4, 2025	December 15, 2025	$0.1300	Quarterly
September 4, 2025	September 15, 2025	$0.1300	Quarterly
June 5, 2025	June 16, 2025	$0.1300	Quarterly
March 5, 2025	March 17, 2025	$0.1300	Quarterly
December 5, 2024	December 16, 2024	$0.1300	Quarterly
September 5, 2024	September 16, 2024	$0.1100	Quarterly
June 6, 2024	June 17, 2024	$0.1100	Quarterly
March 1, 2024	March 15, 2024	$0.1100	Quarterly
December 1, 2023	December 15, 2023	$0.1100	Quarterly
August 31, 2023	September 15, 2023	$0.1100	Quarterly
June 1, 2023	June 15, 2023	$0.1100	Quarterly
March 2, 2023	March 15, 2023	$0.1100	Quarterly
December 1, 2022	December 15, 2022	$0.1100	Quarterly
September 1, 2022	September 15, 2022	$0.1100	Quarterly
June 2, 2022	June 15, 2022	$0.1100	Quarterly
March 3, 2022	March 15, 2022	$0.1100	Quarterly
December 2, 2021	December 15, 2021	$0.1100	Quarterly
September 2, 2021	September 15, 2021	$0.0300	Quarterly
June 3, 2021	June 15, 2021	$0.0300	Quarterly
March 4, 2021	March 15, 2021	$0.0300	Quarterly
December 3, 2020	December 15, 2020	$0.0300	Quarterly
September 3, 2020	September 15, 2020	$0.0300	Quarterly
June 4, 2020	June 15, 2020	$0.0300	Quarterly
March 5, 2020	March 16, 2020	$0.0300	Quarterly
December 5, 2019	December 16, 2019	$0.0300	Quarterly
September 5, 2019	September 16, 2019	$0.0300	Quarterly
June 6, 2019	June 17, 2019	$0.0300	Quarterly
March 4, 2019	March 15, 2019	$0.0300	Quarterly
March 5, 2014	March 21, 2014	$0.1500	Quarterly
December 4, 2013	December 20, 2013	$0.1500	Quarterly
September 4, 2013	September 20, 2013	$0.1500	Quarterly
June 5, 2013	June 21, 2013	$0.1500	Quarterly
February 27, 2013	March 15, 2013	$0.1500	Quarterly
December 5, 2012	December 21, 2012	$0.1250	Quarterly
September 5, 2012	September 21, 2012	$0.1250	Quarterly
May 30, 2012	June 15, 2012	$0.1250	Quarterly
February 29, 2012	March 16, 2012	$0.1250	Quarterly

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Frequently asked questions

Does SLM pay a dividend?: Yes. SLM Corporation pays a quarterly dividend, currently yielding 1.91% based on trailing twelve-month payments of $0.52 per share.
How much does SLM pay in dividends?: $0.52 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next SLM ex-dividend date?: The next ex-dividend date on record is September 4, 2026, with payment on September 15, 2026. You must own the shares before the ex-dividend date to receive that payment.