Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.29%.
YIELD ON COST (YOC)
2.29%
SLM now pays $0.52 per share a year. Measured against the price it actually traded at back then, a long-term holder is earning:
| If you bought | Price then | Yield on cost today |
|---|---|---|
| 10 years ago(2016-10-04) | $7.44 | 6.99% |
| 5 years ago(2021-09-30) | $17.60 | 2.95% |
| 3 years ago(2023-10-03) | $13.27 | 3.92% |
| 1 year ago(2025-10-07) | $27.04 | 1.92% |
| Buying today(at $22.58) | $22.58 | 2.29% |
Projection: starting from today's 2.29% yield, assuming the dividend keeps compounding at 27.0% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
2.29%
In 3 years
4.69%
In 5 years
7.57%
In 10 years
24.99%
Try your own purchase price, dividend and growth rate for SLM Corporation (SLM).
Starting Yield
2.30%
Ending YOC
187.60%
Year 15 Dividend
$42.36
Cum. Dividends Recd.
$164.57
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $0.52 | N/A | 2.30% | $0.00 |
| Year 1 | $0.70 | +34.09% | 3.09% | $0.70 |
| Year 2 | $0.93 | +34.09% | 4.14% | $1.63 |
| Year 3 | $1.25 | +34.09% | 5.55% | $2.89 |
| Year 4 | $1.68 | +34.09% | 7.45% | $4.57 |
| Year 5 | $2.25 | +34.09% | 9.98% | $6.82 |
| Year 6 | $3.02 | +34.09% | 13.39% | $9.84 |
| Year 7 | $4.05 | +34.09% | 17.95% | $13.90 |
| Year 8 | $5.43 | +34.09% | 24.07% | $19.33 |
| Year 9 | $7.29 | +34.09% | 32.27% | $26.62 |
| Year 10 | $9.77 | +34.09% | 43.28% | $36.39 |
| Year 11 | $13.10 | +34.09% | 58.03% | $49.49 |
| Year 12 | $17.57 | +34.09% | 77.81% | $67.06 |
| Year 13 | $23.56 | +34.09% | 104.34% | $90.62 |
| Year 14 | $31.59 | +34.09% | 139.90% | $122.21 |
| Year 15 | $42.36 | +34.09% | 187.60% | $164.57 |
Yield on cost is the dividend yield measured against your original purchase price, not today's price. As a company raises its dividend, the yield on what you actually paid keeps rising even when the market yield holds steady.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
