SLM Corp. (SLM) Stock Split History

SLM Corp. has split its stock 4 times since its initial public offering (IPO). The first stock split occurred on September 29, 1983 with the ratio of 69-for-2, meaning that for 2 shares of SLM owned pre-split, shareholders then owned 69 shares. 3 more splits have been implemented since then. The most recent stock split took place on June 23, 2003 on a 3-for-1 basis.

These splits have increased SLM stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on SLM Corp.'s total market capitalization.

For more detailed information of SLM Corp.'s stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. SLM Corp. has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when SLM stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by SLM Corp.'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.