SLM Corporation · SLM · NASDAQ
Dividend report · updated Nov 11, 2026
$17.10 +1.91% on the day, +$0.32
SLM stock page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is SLM’s dividend Very Safe or High Risk? 7 checks scored. Payout ratio, raise streak, recession record and 4 more. Show the rating
Yearly payout / yield
$0.52·3.04%
$0.13 quarterly x 4 ⓘ
Next payment
$0.13/qtr
pays Dec 15 ⓘ
Next ex-date
Dec 4
ex in 23 days ⓘ
Years without a cut
7 yrs
2 yrs of raises ⓘ
Paying since
1987
125 payments on file
Yield vs history ⓘ
80
Above its usual yield
SLM share price & total return
Daily closing price, adjusted for stock splits.
SLM stock page »All dividend lists »Build a portfolio around SLM »
DSRSimilar stocksHistoryPayoutsFAQ
Last 20 payments
SLM Dividend Growth (CAGR)
1Y 0.0%3Y +5.7%5Y +3.4%10Y +11.3%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). Light bar = declared, not yet paid. The enlarge button shows all 125 payments since 1987.
Annual dividends and growth
Total paid per share in each calendar year. 2026: the solid bar is paid so far; the dashed box on top is expected (1 declared and not yet paid), not a promise. Years with an extra or a missing payment (dates sliding across New Year) are compared per payment.
Next 5 years if the pace holds
If the recent pace holds — one-off jumps left out. Not a forecast. Pace: 0% a year, its typical raise over the last 5 years. Today's $0.52 a year would stay $0.52 by 2031 - 3.04% on today's $17.10 price.

How Many SLM Shares for $500 or $1,000 a Month?

At $0.52 a share a year, $500 a month takes about 11,539 SLM shares, about $197,317 at the Nov 11, 2026 close of $17.10. $1,000 a month takes about 23,077 shares, about $394,617. Before taxes, and only while the rate holds.

SLM pays $0.13 a share quarterly, $0.52 a year, a 3.04% run-rate yield at the Nov 11, 2026 close of $17.10. It has paid since 1987 and raised its annual dividend 2 years in a row.

At today’s rate of $0.13 quarterly and the last close of $17.10, this is what SLM pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$0.13$0.04$0.52
100 shares$13.00$4.33$52.00
$10,000 invested (584.8 shares)$76.02$25.34$304.09
11,539 shares ($500/mo)$1,500.07$500.02$6,000.28
23,077 shares ($1,000/mo)$3,000.01$1,000.00$12,000.04

With DRIP on, every payment buys more shares instead of landing as cash. 100 SLM shares reinvest into 0.76 new shares each payment, about 3.1 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 132 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with SLM’s own history in the SLM DRIP calculator.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See SLM’s rating and its 7 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • Coverage (EPS): are profits enough to pay the dividend rating
  • Coverage (FCF): is spare cash enough to pay the dividend rating
  • Dividend vs cash flow + debt: is the dividend paid with borrowed money report
  • Debt load: how much the balance sheet leans on borrowing rating
  • Debt interest coverage: can profits easily pay the interest bill rating
  • Liquidity: is there cash for debts due this year rating
  • Earnings direction: are sales and profits growing or shrinking report
  • Raise streak: how many years in a row it raised see details
  • Years without a cut: how long since the last dividend cut see details
  • Raise vs trend: are recent raises keeping their usual pace history
  • Yield vs history: is today’s yield high or low versus its past rating
  • Recession record: what the dividend did in past crashes history

SLM Dividend Yield Today vs Its 5-Year Range

80/100Above its usual yieldvs its 7-yr history
  • SLM yields 3.04% today, at the Nov 11, 2026 close of $17.10.
  • Its own 7-year median is 1.92%, so today’s yield is above its usual level.
Last 5 years: lowest to highest month-end yield
0.68% low3.55% high
Blue mark = today, grey = its 7-year median. A higher yield than usual means a lower price against the payout.

Where today ranks in its own history is in the paid report

How it works. Each month-end over the last 7 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is SLM’s Next Dividend? December 2026 Ex-Date and Pay Date

SLM’s next dividend is $0.13 a share, declared, with the ex-date on Dec 4, 2026. Own SLM by the close on Dec 3, 2026 to collect it; shares bought on the ex-date or later do not get it. It pays on Dec 15, 2026. The latest one, $0.13 a share, went ex on Sep 4, 2026 and paid Sep 7, 2026.

  • Ex-dates: about every 91 days (quarterly)
  • Payment: usually about 4 days after the ex-date
  • Next earnings report: Jan 28, 2027

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does SLM Pay?

SLM pays quarterly, 4 times a year. Recent payments arrived in Mar, Jun, Sep and Dec, with ex-dates in Mar, Jun, Sep and Dec. The ex-date comes about every 91 days, and the cash usually lands about 4 days later.

Paid in the last 12 months
$0.52 a share, in 4 payments.
+0.0% against the 12 months before ($0.52 in 4 payments).
Cash that landed, by pay date. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays in Mar, Jun, Sep and Dec. Ex-dates fall in Mar, Jun, Sep and Dec (latest 4 payments).
Raise history
  • Streak: 2 years of higher annual totals (through 2025)
  • Last raise: Dec 5, 2024 - $0.11 to $0.13 (+$0.02, +18.18%)
  • Usual $ step: $0.0089 (median of the raises before it)
Coverage
  • EPS payout: 18.8% - $0.52 paid / $2.76 EPS (4 quarters to Sep 30, 2026); own 4-yr norm 18.3% (median of 12 earlier trailing years)
Deposits, loans and policy float run through operating cash flow here, so it does not measure dividend coverage.

SLM vs Similar Dividend Stocks (AB, BKU...)

Against the 10 dividend-paying Financial Services companies closest to SLM in market value, SLM’s 3.04% run-rate yield is below the group’s middle yield of 3.50%, and its raise streak of 2 years is the 3rd longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.

Ticker Dividend ⓘ Yield Safety Rating No cut ⓘ
SLM $17.10SLM $0.13/qtr$0.52/yr fwd 3.04% Dividend Safety Rating: paid plans only 7 yrsraised 2 yrs in a row
AB $33.96AllianceBernstein Holding L.P. $0.88/qtr$3.52/yr fwd 10.37% Dividend Safety Rating: paid plans only 3 yrsraised 2 yrs in a row
BKU $44.11BankUnited $0.33/qtr$1.32/yr fwd 2.99% Dividend Safety Rating: paid plans only 14+ yrsraised 6 yrs in a row
FG $25.00F&G Annuities & Life $0.25/qtr$1.00/yr fwd 4.00% Dividend Safety Rating: paid plans only 2+ yrsraised 2+ yrs in a row
WT $20.77WisdomTree $0.03/qtr$0.12/yr fwd 0.58% Dividend Safety Rating: paid plans only 7 yrsno raise streak
AGO $73.91Assured Guaranty $0.38/qtr$1.52/yr fwd 2.06% Dividend Safety Rating: paid plans only 5+ yrsraised 5 yrs in a row
PFSI $62.85PennyMac Financial Services $0.30/qtr$1.20/yr fwd 1.91% Dividend Safety Rating: paid plans only 6 yrsraised 2 yrs in a row
MCHB $14.71Mechanics Bank $0.25/qtr$1.00/yr fwd 6.80% Dividend Safety Rating: paid plans only 1 yrno raise streak
FHB $25.02First Hawaiian $0.26/qtr$1.04/yr fwd 4.16% Dividend Safety Rating: paid plans only 8+ yrsno raise streak
PRK $179.82Park National $1.10/qtr$4.40/yr fwd 2.45% Dividend Safety Rating: paid plans only 34+ yrsraised 1 yr in a row
PFS $23.15Provident Financial Services $0.24/qtr$0.96/yr fwd 4.15% Dividend Safety Rating: paid plans only 22+ yrsno raise streak

Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: SLM vs AB, SLM vs BKU, SLM vs FG.

SLM Dividend History: Every Payment Since 1987

Ex-datePay dateAmountFrequencyType
Dec 4, 2026Dec 15, 2026$0.13QuarterlyDeclared
Sep 4, 2026Sep 7, 2026$0.13QuarterlyRegular
Jun 4, 2026Jun 8, 2026$0.13QuarterlyRegular
Mar 5, 2026Mar 9, 2026$0.13QuarterlyRegular
Dec 4, 2025Dec 8, 2025$0.13QuarterlyRegular
Sep 4, 2025Sep 8, 2025$0.13QuarterlyRegular
Jun 5, 2025Jun 9, 2025$0.13QuarterlyRegular
Mar 5, 2025Mar 7, 2025$0.13QuarterlyRegular
Dec 5, 2024Dec 9, 2024$0.13QuarterlyRegular
Sep 5, 2024Sep 9, 2024$0.11QuarterlyRegular
The other 115 SLM payments come with a paid plan.
Show all 125 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for SLM

UnlockDividend Safety Rating: paid plans only
See where SLM lands, and why.
See the rating & factors »
Own SLM? Your payouts fill in by themselves Add SLM once, with your buy date and share count. Every dividend since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track SLM →

SLM Dividend Questions

How often does SLM pay dividends?

SLM pays quarterly, 4 times a year. Recent payments arrived in Mar, Jun, Sep and Dec, with ex-dates in Mar, Jun, Sep and Dec. The ex-date comes about every 91 days, and the cash usually lands about 4 days later.

Does SLM pay dividends monthly?

No. SLM pays quarterly, 4 times a year. For payers that pay every month, see the monthly dividend stocks.

When is the next SLM dividend?

SLM’s next dividend is $0.13 a share, declared, with the ex-date on Dec 4, 2026. Own SLM by the close on Dec 3, 2026 to collect it; shares bought on the ex-date or later do not get it. It pays on Dec 15, 2026. The latest one, $0.13 a share, went ex on Sep 4, 2026 and paid Sep 7, 2026. The current rate is $0.13 per share, $0.52 a year.

Does SLM pay a dividend in December 2026?

Yes. SLM declared $0.13 a share with the ex-date on Dec 4, 2026, paying on Dec 15, 2026. Own SLM by the close on Dec 3, 2026 to collect it; shares bought on the ex-date or later do not get it.

How much does SLM pay per share?

SLM pays $0.13 a share quarterly, $0.52 a year. At the Nov 11, 2026 close of $17.10 that is a 3.04% run-rate yield, above its usual level: its own 7-year median is 1.92%.

Has SLM raised its dividend?

Yes. SLM has raised its annual dividend 2 years in a row, through 2025. The latest raise, on Dec 5, 2024, took the rate from $0.11 to $0.13 (+18.18%). Over five years the dividend grew 3.4% a year.

Is SLM’s dividend safe?

No rating can promise a future payment, but the record on file says a lot. SLM paid out 19% of its earnings as dividends over the 4 quarters to Sep 30, 2026. It has raised its dividend 2 years in a row and gone 7 years without a cut. This is data, not investment advice. The full 7-check rating comes with a plan.

How do I track my SLM dividends?

Add SLM to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run SLM in the DRIP calculator.

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How this page is built: the rate is the latest regular dividend per share; run-rate yield = rate × payments per year ÷ last close (Nov 11, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 7 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.