SmarterDividends
STEP

StepStone Group Inc.

STEP

Financial Services · Asset Management · Stock · quarterly payer

$41.64

Overvalued · -23% Add to Portfolio

Forward Yield

4.13%

Annual Dividend

$1.72

Payout Ratio

165%

5-Yr Growth

—

Ex-Date

Aug 31, 2026

Frequency

Quarterly

Key facts about STEP's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, StepStone Group Inc. (STEP) has a forward dividend yield of 4.13%, based on an annual dividend of $1.72 per share and a share price of $41.64.
  • As of Oct 18, 2026, STEP's dividend safety grade from SmarterDividends is C (65 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, StepStone Group Inc. (STEP) has raised its dividend for 4 consecutive years as of Oct 18, 2026.
  • STEP has never cut its regular dividend in the payment history SmarterDividends has on record.
  • STEP's most recent ex-dividend date was Aug 31, 2026, for a dividend of $0.33 per share.
  • As of Oct 18, 2026, STEP pays out 165% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Oct 18, 2026, STEP's 4.13% yield is 71% above its five-year average yield of 2.41%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for STEP is $32.17 per share, 23% below the $41.64 share price, so STEP screens as overvalued.
  • StepStone Group Inc. (STEP) pays its dividend quarterly, 4 times a year.
  • StepStone Group Inc. (STEP) has raised its regular dividend 6 times and cut it 0 times across the 23 payments on record since 2021. Its most recent change was a 17.9% increase to $0.330 per share, going ex-dividend on Aug 31, 2026.
Cite this page

SmarterDividends, "STEP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/STEP

Summary

As of Oct 18, 2026, StepStone Group Inc. (STEP) yields 4.13% ($1.72 a year per share), has a dividend safety grade of C (65/100) and has 4 consecutive years of dividend increases on record.

Is STEP a good dividend stock?

Yes, with caveats

StepStone Group Inc. (STEP) pays a quarterly dividend yielding 4.13% ($1.72/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Never cut its dividend on record

Risks

  • Elevated payout ratio (165%)

Key Data

Dividend Yield
4.13%
Payout Ratio
165%
Annual Dividend
$1.72
5-Yr Avg Growth
—
Ex-Dividend Date
Aug 31, 2026
Years of Growth
4
Frequency
quarterly
Beta
1.28
Market Cap
$5.4B
P/E Ratio
—
5-Yr Total Return
1%
52-Week Range
$38.85 – $77.80
Dividend Safety
C · 65/100
Ever Cut?
No

STEP dividend raises and cuts

StepStone Group Inc. (STEP) has raised its regular dividend 6 times and cut it 0 times across the 23 payments on record since 2021. Its most recent change was a 17.9% increase to $0.330 per share, going ex-dividend on Aug 31, 2026.

Ex-dateChangeOld → newMove
Aug 31, 2026Raise$0.280 → $0.330+17.9%
Aug 29, 2025Raise$0.240 → $0.280+16.7%
Aug 30, 2024Raise$0.210 → $0.240+14.3%
Aug 30, 2023Raise$0.200 → $0.210+5.0%
Jun 14, 2022Raise$0.150 → $0.200+33.3%
Nov 29, 2021Raise$0.0700 → $0.150+114.3%
Every STEP payment →Download every raise and cut (CSV)
STEP ex-dividend date & scheduleNext ex-date Aug 31, 2026 · full ex-dividend historyView →STEP dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is STEP a good dividend stock?

Yes, with caveats. StepStone Group Inc. (STEP) pays a quarterly dividend yielding 4.13% ($1.72/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is STEP undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, STEP's fair value is about $32.17 versus a $41.64 share price — so it looks overvalued (-23% vs. fair value).

Is STEP's dividend safe?

STEP has a dividend-safety grade of C (65/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is STEP's fair value?

Our blended fair-value estimate for STEP is about $32.17 per share, about 23% below the current $41.64 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is STEP a buy, hold, or sell?

We don't issue formal ratings, but on the data STEP screens as "yes, with caveats" and overvalued. StepStone Group Inc. (STEP) pays a quarterly dividend yielding 4.13% ($1.72/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will STEP cut its dividend?

STEP earns a dividend-safety grade of C (65/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does STEP pay a dividend?

Yes. StepStone Group Inc. pays a quarterly dividend of about $1.72 per share annually, a forward yield of roughly 4.13%.

What is STEP's dividend yield?

As of Oct 18, 2026, STEP's forward dividend yield is 4.13%, based on a $1.72 annual dividend and a $41.64 share price.

What is STEP's dividend per share?

As of Oct 18, 2026, STEP pays $1.72 per share per year, distributed on a quarterly basis.

What is STEP's dividend payout ratio?

As of Oct 18, 2026, STEP's payout ratio is 165% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has STEP grown its dividend?

As of Oct 18, 2026, STEP has increased its dividend for 4 consecutive years.

When is the next STEP ex-dividend date?

As of Oct 18, 2026, STEP's next ex-dividend date hasn't been announced. The most recent was Aug 31, 2026, for $0.33 per share.

Income Calculator

At $1.72 / yr per share

Per payment (quarterly)$43.00
Annual$172.00
Monthly avg$14.33

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