STERIS plc
STE20 yrs growthHealthcare · Stock · quarterly payer
Forward Yield
1.14%
Annual Dividend
$2.58
Payout Ratio
31%
5-Yr Growth
8.9%
Ex-Date
Sep 4, 2026
Frequency
Quarterly
Summary
As of September 2026, STERIS plc (STE) yields 1.14% ($2.58 per share annually), with a blended fair-value estimate of $179.11 — -20% downside, so it screens as overvalued. Dividend safety grade: A (93/100). 20 years of dividend growth.
Is STE a good dividend stock?
YesSTERIS plc (STE) pays a quarterly dividend yielding 1.14% ($2.58/yr), with 20 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 20 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (31%)
- Strong 8.9% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.14%
- Payout Ratio
- 31%
- Annual Dividend
- $2.58
- 5-Yr Avg Growth
- 8.9%
- Ex-Dividend Date
- Sep 4, 2026
- Years of Growth
- 20
- Frequency
- quarterly
- Beta
- 0.91
- Market Cap
- $21.9B
- P/E Ratio
- 27.7
- 5-Yr Total Return
- 10%
- 52-Week Range
- $195.14 – $269.44
- Dividend Safety
- A · 93/100
- Ever Cut?
- No
Frequently Asked Questions
STE Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+2%
5 Years
+10%
52-Week Range
$195.14 – $269.44
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is STE worth?
Overvaluedmedium confidenceOur blended fair-value estimate for STERIS plc is $179.11 per share, versus a market price of $224.59. That implies 20% of downside.
Fair Value
$179.11
Current Price
$224.59
Downside
-20%
Margin of Safety
-25%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 17.4% annual free-cash-flow growth. We model 9.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.9% discount rate (CAPM), 9.9% stage-1 growth, 2.5% terminal growth, $8.11 EPS, $2.58 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
STE Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 4, 2026 | — | $0.6900 | regular |
| Jun 8, 2026 | — | $0.6300 | regular |
| Feb 17, 2026 | — | $0.6300 | regular |
| Sep 4, 2025 | — | $0.6300 | regular |
| Jun 10, 2025 | — | $0.5700 | regular |
| Feb 20, 2025 | — | $0.5700 | regular |
| Nov 19, 2024 | — | $0.5700 | regular |
| Sep 5, 2024 | — | $0.5700 | regular |
| Jun 12, 2024 | — | $0.5200 | regular |
| Feb 22, 2024 | — | $0.5200 | regular |
| Nov 20, 2023 | — | $0.5200 | regular |
| Sep 5, 2023 | — | $0.5200 | regular |
| Jun 13, 2023 | — | $0.4700 | regular |
| Feb 23, 2023 | — | $0.4700 | regular |
Income Calculator
At $2.58 / yr per share
