SLM Corporation
S&P 500SLM/Financial Services · Credit Services/NASDAQ
Dividend Yield
2.28%
$0.52 · Annual Dividend
Dividend Safety Rating
SLM's dividend appears very safe. Strengths include a 14.4% earnings payout ratio & 36.9% fcf payout ratio. The dividend has been growing at a 19.88% 5-year CAGR. As a financial company, some traditional cash flow metrics are less applicable. The score focuses on earnings-based coverage and profitability.
Based on 10 of 10 metrics
Strengths
- Earnings Payout Ratio: 14.4%Low earnings payout ratio leaves room to grow the dividend.
- FCF Payout Ratio: 36.9%Free cash flow comfortably covers the dividend.
- Net Debt / Total Assets: 5.4%Healthy balance sheet with low net debt.
Risks
No material risks identified across rated metrics.
Payout & Coverage
Very SafeBalance Sheet
Very SafeProfitability
SafeDividend Track Record
Very SafeAbout SLM Corporation
SLM Corporation, commonly known as Sallie Mae, is a leading consumer banking company specializing in private education loans and related financial services in the United States. Its primary function is to originate, service, and collect private student loans for undergraduate, graduate, MBA, career training, parent, medical, dental, and law programs, helping students and families finance higher education costs. SLM Corporation also provides retail banking products including high-yield savings accounts, money market accounts, and certificates of deposit, along with college savings options like 529 plans, scholarship search tools, and financial planning resources. Operating in the education finance and credit services sectors, it supports a wide range of customers from prospective students and parents to alumni through online tools, direct marketing, and campus partnerships. Founded in 1972 and headquartered in Newark, Delaware, SLM Corporation plays a key role in making education more accessible by offering a comprehensive ecosystem of savings, planning, and payment solutions tailored to the unique needs of the higher education community.
Dividend Overview
Dividend Yield
2.28%
Annual Dividend
$0.52
Frequency
Quarterly
Payout Ratio
14.44%
FCF Payout Ratio
36.88%
52-Week Range
$17.77 - $34.97
Dividend History (2016–2025)
SLM annual dividend per share and yield history
Earnings & Profitability
SLM earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
June 4, 2026
Last Payment Date
June 15, 2026
Dividend Growth
3-Year Dividend CAGR
5.73%
5-Year Dividend CAGR
19.88%
10-Year Dividend CAGR
N/A
3-Year Total Growth
18.18%
5-Year Total Growth
147.62%
10-Year Total Growth
N/A
Income Calculator
Frequently Asked Questions
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How is SLM's Dividend Safety Rating calculated?
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.