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SLM Dividend Calculator

Calculate how much dividend income SLM Corporation (SLM) could generate with reinvestment. Pre-loaded with SLM's current 1.92% yield and 21.1% dividend growth rate.

Dividend Yield: 1.92%

Annual Dividend: $0.52 per share

Share Price: $27.08

Payout Ratio: 94.5%

SLM DRIP Calculator

Model SLM dividend reinvestment with customizable yield, growth rate, contribution, and time horizon. Compare DRIP vs no-DRIP returns and see year-by-year projection tables.

5-Year Dividend Growth Rate (CAGR): 21.1% per year

What If You Invested $1,000 in SLM 10 Years Ago?

A $1,000 investment in SLM on 2016-09-30 would be worth $4,201.6 today with dividends reinvested (DRIP), a total return of 320.2%.

Without reinvesting, the total portfolio value (shares plus cash dividends) would be $3,985.27 (298.5% return). Reinvesting dividends added $216.33 in extra value.

Starting share price: $7.47 — Current share price: $27.08

Frequently Asked Questions

What is SLM's current dividend yield?

SLM (SLM Corporation) currently has a dividend yield of 1.92%. This means for every $10,000 invested, you would receive approximately $192 per year in dividend income before taxes.

How much SLM do I need to make $1,000 per month in dividends?

To earn $1,000 per month ($12,000/year) from SLM at its current yield of 1.92%, you would need approximately $625,000 invested. With dividend reinvestment and growth, you may need less over time.

Does SLM pay monthly dividends?

No, SLM pays dividends quarterly (4 times per year). You can build monthly income by combining it with other stocks that pay in different months.

Is SLM's dividend safe?

SLM's payout ratio is 94.5%, which is elevated. Monitor earnings closely, as high payout ratios can indicate less flexibility for dividend growth or sustainability during downturns.

What is SLM's dividend growth rate?

SLM's 5-year dividend compound annual growth rate (CAGR) is approximately 21.1% per year. This growth rate is pre-loaded into the calculator above to give you a realistic projection.

What would $1,000 invested in SLM 10 years ago be worth today?

A $1,000 investment in SLM on 2016-09-30 would be worth approximately $4,201.6 today with dividends reinvested (DRIP), a 320.2% total return. Without reinvesting, the total portfolio value (shares plus accumulated cash dividends) would be $3,985.27 — meaning DRIP added $216.33 in extra value.

See full dividend history and analysis on the SLM dividend page.