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

SLM Corporation (NASDAQ:SLM) declared a quarterly dividend on Wednesday, July 22nd. Investors 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) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, September 4th.

SLM has raised its dividend by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. SLM has a dividend payout ratio of 15.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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

Shares of NASDAQ:SLM opened at $25.77 on Wednesday. The company has a market capitalization of $4.84 billion, a P/E ratio of 7.20, a P/E/G ratio of 2.26 and a beta of 0.96. SLM has a 1-year low of $17.77 and a 1-year high of $32.02. The firm’s 50 day simple moving average is $25.98 and its two-hundred day simple moving average is $23.22. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.33 and a quick ratio of 1.32.

SLM (NASDAQ:SLM) last announced its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.17). The firm had revenue of $401.11 million during the quarter, compared to analysts’ expectations of $409.22 million. SLM had a return on equity of 33.81% and a net margin of 26.09%.The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company earned $0.32 earnings per share. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Research analysts expect that SLM will post 3.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SLM shares. Morgan Stanley increased their price target on SLM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Barclays reaffirmed an “equal weight” rating and issued a $26.00 price objective (down from $30.00) on shares of SLM in a research note on Tuesday, July 7th. Wells Fargo & Company set a $28.00 target price on SLM in a research report on Friday, July 24th. Wall Street Zen downgraded SLM from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings raised SLM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $29.80.

SLM Company Profile

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.