Does StepStone Group (STEP) Pay a Dividend? (2026)
Last updated July 2026
Short answer
Yes. StepStone Group (STEP) pays a dividend yielding about 3.58% as of August 2026, paid quarterly, four times a year. The latest payment on record was $0.83 per share, ex-dividend June 15, 2026. The forward annual rate is roughly $1.67 per share, about $358 a year on a $10,000 position before tax. Figures are approximate and dated; verify the current number with your broker.
Does StepStone Group (STEP) pay a dividend?
Yes. StepStone Group distributes a dividend yielding roughly 3.58% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.83 per share, with an ex-dividend date of June 15, 2026. Annualized, that is about $1.67 per share.
Fiscal 2026 revenue of about $1.99 billion was up roughly 70% year over year, but that figure is inflated by unrealized carried interest allocations of about $539.7 million, so management and advisory fees of about $926.5 million are the cleaner comparison. Trailing GAAP EPS is negative because of the non-cash buy-in charge, which is why the stock is usually valued on adjusted net income of about $2.16 per share for fiscal 2026 or on forward estimates near 20x. Shares traded around $50 in early August 2026, down roughly 30% over twelve months, with a base quarterly dividend of $0.28 supplemented by a $0.55 variable payment tied to realized carry.
STEP dividend at a glance
| 2026-06-15 | $0.83 |
| 2026-02-27 | $0.28 |
| 2025-11-28 | $0.28 |
| 2025-08-29 | $0.28 |
| 2025-06-13 | $0.64 |
| 2025-02-28 | $0.24 |
STEP dividend data as of August 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with STEP's investor relations page before relying on it.
Is the STEP dividend covered?
StepStone Group paid out about 167% of reported net income as dividends, which means the dividend was larger than accounting earnings over the period. That sounds alarming and sometimes is, but it is normal and expected for REITs, BDCs, and companies carrying large non-cash charges such as amortization, because those businesses are judged on cash measures (FFO, AFFO, or distributable net investment income) rather than GAAP net income. The useful check for STEP is whether the cash-flow measure covers the payout, not the earnings-based ratio.
Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.
How the STEP dividend has changed
The latest payment of $0.83 per share compares with $0.64 in the equivalent payment a year earlier (June 13, 2025). That is a change of 29.7% over the year.
A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on STEP's investor relations page.
What STEP's dividend means for you
- Income: about $358 a year per $10,000 invested, before tax.
- Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
- Total return: for STEP the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
- Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
- If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.
How STEP dividends are taxed
Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
The bottom line on the STEP dividend
StepStone Group (STEP) pays about 3.58%, or roughly $1.67 per share a year. That is a genuine income yield, so the payout is a real part of the case for holding it, and the coverage question above is the one to answer first. For the full picture see the STEP guide. Walnut can show how STEP fits your real portfolio. It is not an investment adviser.
Investing in StepStone Group with AI
Connect the broker you already use and ask Walnut's AI how STEP fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
Does StepStone Group (STEP) pay a dividend?
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Yes. StepStone Group pays a dividend yielding roughly 3.58% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.83 per share with an ex-dividend date of June 15, 2026. That works out to a forward annual rate of about $1.67 per share. Yields move with the share price, so verify the current figure with your broker or STEP's investor relations page before relying on it.
What is STEP's dividend yield?
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About 3.58% as of August 2026. On a $10,000 position that is roughly $358 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so STEP yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.
How often does STEP pay its dividend?
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StepStone Group pays quarterly, four times a year. The most recent payment on record had an ex-dividend date of June 15, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on STEP's investor relations page, because boards can change both the amount and the timing.
When is STEP's ex-dividend date?
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The ex-dividend date recorded in our August 2026 data pull is June 15, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check STEP's investor relations page for the next confirmed date.
Has StepStone Group raised its dividend recently?
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Yes. The latest payment of $0.83 per share is above the $0.64 paid in the same slot a year earlier, an increase of about 29.7%. One raise is not a policy, though: check the multi-year record on STEP's investor relations page, since a long streak of increases is what dividend-growth investors actually look for.
Is STEP's dividend safe?
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StepStone Group paid out about 167% of reported net income as dividends, which means the dividend was larger than accounting earnings over the period. That sounds alarming and sometimes is, but it is normal and expected for REITs, BDCs, and companies carrying large non-cash charges such as amortization, because those businesses are judged on cash measures (FFO, AFFO, or distributable net investment income) rather than GAAP net income. The useful check for STEP is whether the cash-flow measure covers the payout, not the earnings-based ratio. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.
How much would I earn in dividends from a $10,000 position in STEP?
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At a yield of about 3.58%, roughly $358 a year before tax, spread across 4 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.
Are STEP dividends qualified for tax purposes?
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Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.
Should I reinvest STEP dividends?
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Most brokers offer automatic reinvestment (a DRIP) that puts each STEP payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.
Does STEP pay a dividend?
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Yes. StepStone pays a base quarterly dividend, most recently $0.28 per share, plus a variable supplemental dividend tied to realized carried interest, most recently $0.55 per share. The trailing payout works out to roughly $1.67 per share, a yield near 3.4% at a share price around $50, though the supplemental portion varies with realizations.
Walnut is informational, not investment advice. Dividend figures on this page come from a August 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with STEP's investor relations page or your broker before acting on them.