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SLM Corp dividend history

SLM Corp's dividend was $0.520 a share in fiscal 2025, up 13.0% on the year before. That was 14.5% of net income. It has raised its dividend per share every year since fiscal 2023.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$545M
Dividends (TTM)
$100M
Returned to shareholders
-162%
of free cash flow
Buybacks, last 3 fiscal years
$967M
Diluted share count
−9.2%
year over year
Total shareholder yield
19.5%
dividends 3.0% + buybacks 16.4% of market value
Dividend payout ratio
18%
of net income paid out

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Dividend per share——$0.300———————$0.040$0.120$0.200$0.440$0.440$0.460$0.520—
Dividend per share growth———————————+200.0%+66.7%+120.0%0.0%+4.5%+13.0%—
Dividends paid0—15400132021161617466011310199108100
Share buybacks0—300900600———001675581,531713350248369545
Dividends ÷ net income0.0%—24.3%0.0%0.0%6.7%7.1%8.5%5.4%3.2%2.9%5.3%5.2%24.1%17.4%16.3%14.5%17.7%

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

Compare with peers

Head to head: LX vs SLM

More: Consumer Finance stocks compared, Financials sector, rankings of US companies

Figures from SLM Corp's SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to SLM Corp.