StepStone Group Inc. (NASDAQ:STEP – Get Free Report) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Monday, August 31st will be given a dividend of 0.33 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, August 31st. This is a 17.9% increase from StepStone Group’s previous quarterly dividend of $0.28.
StepStone Group has raised its dividend payment by an average of 0.8%per year over the last three years and has increased its dividend every year for the last 3 years. StepStone Group has a dividend payout ratio of 48.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect StepStone Group to earn $3.49 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 32.1%.
StepStone Group Stock Performance
Shares of STEP opened at $46.41 on Friday. The business’s 50-day moving average is $43.92 and its two-hundred day moving average is $50.37. The company has a market capitalization of $5.54 billion, a P/E ratio of -6.01 and a beta of 1.27. StepStone Group has a fifty-two week low of $38.85 and a fifty-two week high of $77.79.
Key Headlines Impacting StepStone Group
Here are the key news stories impacting StepStone Group this week:
- Positive Sentiment: StepStone increased its quarterly dividend by 17.9% to $0.33 per share, implying an annualized yield of approximately 2.8%. The dividend is payable September 15 to shareholders of record August 31. StepStone Group Reports First Quarter Fiscal Year 2027 Results
- Positive Sentiment: A separate earnings analysis highlighted sales growth that exceeded estimates for the reported period, providing a constructive sign for the firm’s operating momentum. StepStone Group sales report
- Neutral Sentiment: Management’s first-quarter fiscal 2027 earnings call provided additional commentary on results and business conditions, but the available report does not specify new guidance or major strategic changes. StepStone Group Q1 2027 Earnings Call Transcript
- Negative Sentiment: StepStone reported quarterly EPS of $0.48, below consensus estimates of roughly $0.50–$0.51, although earnings improved from $0.40 a year earlier. Revenue of $300.6 million also fell short of the approximately $309.3 million consensus estimate. The dual miss likely drove the negative reaction. StepStone Group misses Q1 earnings and revenue estimates
StepStone Group Company Profile
StepStone Group is a global private markets investment firm that provides specialized investment solutions across private equity, private credit and real assets. The firm offers customized portfolios, secondary interests, direct co-investments and tailored advisory services to institutional investors worldwide. StepStone’s integrated research and data analytics platform supports its investment teams in sourcing opportunities and monitoring portfolio companies.
Founded in 2007 as an independent private markets specialist, the company has grown its presence through both organic expansion and strategic partnerships.
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