SLM (NYSE:SLM) will go ex-dividend tomorrow, March 05, 2026.
Investors who purchase shares before the ex-dividend date will receive the upcoming quarterly dividend of $0.1300 per share. The dividend will be paid on March 16, 2026.
At the current stock price of $19.98, SLM's dividend represents an annual yield of 2.60%. The Financial Services company has a market capitalization of $5.7B.
Investors who purchase SLM shares before the ex-dividend date will receive the upcoming dividend payment. The stock price typically adjusts downward by approximately the dividend amount on the ex-date, reflecting the distribution. Long-term holders focused on total return generally view ex-dividend dates as routine, while income-focused investors may time purchases around these dates.
The 2.60% dividend yield positions SLM as a moderate income option. Investors evaluating dividend stocks should consider not just the current yield but the growth rate of the dividend and the company's payout ratio to assess long-term income potential.