SLM Corporation (NASDAQ:SLM) Stock to Pay Quarterly Dividend of $0.13

Posted by Geri Gentry on Oct 21st, 2026

SLM Corporation (NASDAQ:SLM – Get Free Report) announced a quarterly dividend on Tuesday, October 20th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.13 per share by the credit services provider on Tuesday, December 15th. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, December 4th.

SLM has increased its dividend by an average of 0.3% annually over the last three years and has increased its dividend every year for the last 1 years. SLM has a dividend payout ratio of 15.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect SLM to earn $3.41 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 15.2%.

SLM Trading Up 2.2%

Shares of NASDAQ:SLM traded up $0.48 during trading on Wednesday, hitting $22.74. The company had a trading volume of 541,223 shares, compared to its average volume of 3,012,756. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 1.47 and a beta of 0.96. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.33 and a quick ratio of 1.32. The company has a fifty day simple moving average of $24.85 and a two-hundred day simple moving average of $24.02. SLM has a one year low of $17.77 and a one year high of $31.06.

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 for the quarter, missing the consensus estimate of $0.46 by ($0.17). The company had revenue of $401.11 million for the quarter, compared to the consensus estimate of $409.22 million. SLM had a net margin of 26.09% and a return on equity of 33.81%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. As a group, equities analysts forecast that SLM will post 3.12 earnings per share for the current year.

About SLM

(Get Free Report)

SLM Corp., commonly known as Sallie Mae, is a financial services company focused on helping students and families finance higher education. Its primary business is the origination and servicing of private education loans, which can help cover tuition, fees, books, housing and other eligible education-related expenses not fully covered by federal student aid.

The company offers private student loans for undergraduate and graduate education, as well as loans for career-training programs and other education needs.

SLM Corporation (NASDAQ:SLM) Stock to Pay Quarterly Dividend of $0.13

SLM Trading Up 2.2%

About SLM

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