SLM Corporation (SLM) to Issue Quarterly Dividend of $0.13 on March 16th

SLM Corporation (NASDAQ:SLM) declared a quarterly dividend on Wednesday, January 21st. Investors of record on Thursday, March 5th will be given a dividend of 0.13 per share by the credit services provider on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, March 5th.

SLM has increased its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 1 years. SLM has a dividend payout ratio of 15.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect SLM to earn $3.34 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 15.6%.

SLM Price Performance

Shares of NASDAQ:SLM opened at $26.70 on Friday. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 1.18 and a beta of 1.12. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.37 and a quick ratio of 1.37. SLM has a 12 month low of $23.81 and a 12 month high of $34.97. The stock’s 50 day moving average price is $27.71 and its 200 day moving average price is $28.98.

SLM (NASDAQ:SLM) last issued its quarterly earnings results on Thursday, January 22nd. The credit services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.17. The company had revenue of $656.82 million for the quarter, compared to analysts’ expectations of $383.43 million. SLM had a return on equity of 30.13% and a net margin of 21.76%.During the same period last year, the firm earned $0.50 EPS. SLM has set its FY 2026 guidance at 2.700-2.800 EPS. Equities research analysts anticipate that SLM will post 3.07 earnings per share for the current fiscal year.

About SLM

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.