SLM Corporation (NASDAQ:SLM) Shareholders to Get $0.13 Quarterly Dividend

SLM Corporation (NASDAQ:SLM) declared 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 is Friday, December 4th.

SLM has increased its dividend payment by an average of 0.3% annually 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. 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 Stock Performance

Shares of SLM stock traded up $0.40 during mid-day trading on Wednesday, hitting $22.66. The stock had a trading volume of 490,400 shares, compared to its average volume of 3,012,359. The firm has a market cap of $4.26 billion, a PE ratio of 6.33, a PEG ratio of 1.47 and a beta of 0.96. The company’s 50-day simple moving average is $24.85 and its 200-day simple moving average is $24.02. 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 has a fifty-two week low of $17.77 and a fifty-two week high of $31.06.

SLM (NASDAQ:SLM) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $409.22 million. SLM had a return on equity of 33.81% and a net margin of 26.09%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Sell-side analysts anticipate that SLM will post 3.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SLM shares. JPMorgan Chase & Co. lowered their price objective on SLM from $25.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, October 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SLM in a research report on Monday, September 14th. Wall Street Zen downgraded SLM from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Wells Fargo & Company set a $28.00 target price on SLM in a research note on Friday, July 24th. Finally, Morgan Stanley raised their price target on SLM from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $29.22.

About SLM

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.