SLM Corporation (SLM) To Go Ex-Dividend on September 4th

Posted by on Jul 24th, 2026

SLM Corporation (NASDAQ:SLM – Get Free Report) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Friday, September 4th will be paid a dividend of 0.13 per share by the credit services provider on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, September 4th.

SLM has raised its dividend by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. SLM has a dividend payout ratio of 15.0% meaning its dividend is sufficiently covered by earnings. Analysts expect SLM to earn $3.39 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 15.3%.

SLM Price Performance

SLM stock opened at $24.18 on Friday. The stock’s 50 day moving average is $23.51 and its 200 day moving average is $23.32. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.30 and a quick ratio of 1.29. The firm has a market cap of $4.56 billion, a P/E ratio of 6.70, a P/E/G ratio of 2.30 and a beta of 0.94. SLM has a one year low of $17.77 and a one year high of $33.49.

SLM (NASDAQ:SLM – Get Free Report) last released its earnings results on Thursday, July 23rd. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.17). The firm had revenue of $401.11 million during the quarter, compared to analyst estimates of $409.22 million. SLM had a net margin of 26.42% and a return on equity of 34.80%. SLM’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 EPS. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. As a group, research analysts expect that SLM will post 3.16 EPS for the current year.

SLM Company Profile

(Get Free Report)

SLM Corporation, operating as Sallie Mae Bank, is a leading U.S.-based consumer banking company specializing in education financing and related banking products. The company provides a range of private student loans for undergraduate and graduate studies, Parent PLUS loans, and specialized financing for career and certificate programs. In addition to its core lending services, Sallie Mae offers deposit products including savings accounts, checking accounts, money market accounts, certificates of deposit, and credit cards tailored to students and young adults.

Founded in 1972 as the Student Loan Marketing Association—a government-sponsored enterprise—Sallie Mae was privatized in 2004 and has since focused on expanding its private education loan offerings and digital banking solutions.

Read More

Dividend History for SLM (NASDAQ:SLM)

Receive News & Ratings for SLM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLM and related companies with MarketBeat.com's FREE daily email newsletter.