STE (Steris) Dividend Payout Ratio : 0.27 (As of Sep. 2024)

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What is Steris Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Steris's Dividend Payout Ratio for the months ended in Sep. 2024 was 0.27.

The historical rank and industry rank for Steris's Dividend Payout Ratio or its related term are showing as below:

STE' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.35 Max: 0.65
Current: 0.24

During the past 13 years, the highest Dividend Payout Ratio of Steris was 0.65. The lowest was 0.24. And the median was 0.35.

STE's Dividend Payout Ratio is ranked better than
80.84% of 287 companies
in the Medical Devices & Instruments industry
Industry Median: 0.44 vs STE: 0.24

As of today (2024-12-14), the Dividend Yield % of Steris is 1.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Steris was 1.59%. The lowest was 0.68%. And the median was 0.98%.

Steris's Dividends per Share for the months ended in Sep. 2024 was $0.57.

During the past 12 months, Steris's average Dividends Per Share Growth Rate was 10.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 8.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 9.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Steris was 34.70% per year. The lowest was 8.30% per year. And the median was 10.55% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Steris Dividend Payout Ratio Historical Data

The historical data trend for Steris's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Steris Dividend Payout Ratio Chart

Steris Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Dividend Payout Ratio

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0.30

0.34

0.58

0.33

0.25

Steris Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.43	0.23	0.22	0.24	0.27

Competitive Comparison of Steris's Dividend Payout Ratio

For the Medical Devices subindustry, Steris's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Steris's Dividend Payout Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Steris's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Steris's Dividend Payout Ratio falls into.

Steris Dividend Payout Ratio Calculation

Steris's Dividend Payout Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2024 )	/	EPS without NRI (A: Mar. 2024 )
	=	2.03	/	8.2
	=	0.25

Steris's Dividend Payout Ratio for the quarter that ended in Sep. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2024 )	/	EPS without NRI (Q: Sep. 2024 )
	=	0.57	/	2.14
	=	0.27

Steris (NYSE:STE) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Steris Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Steris's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Steris Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Steris PLC (NYSE:STE) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

5960 Heisley Road, Mentor, OH, USA, 44060

Website

https://www.steris.com

Steris is an Ireland-domiciled medical technology company focused on sterilization services and infection prevention. The company is the global leader in contract sterilization services, ensuring the safe delivery of single-use and implantable medical equipment to hospitals around the world. Additionally, Steris sells sterilizers, washer-disinfectors, and other decontamination equipment and supplies for use by care provider facilities and in biopharma manufacturing sites. Domiciled in the United States before its inversion to Ireland, the firm derives approximately 70% of its revenue from Healthcare Services, 19% from Applied Sterilization Technologies, or AST, and 11% from life sciences services after the divestment of its dental products business.

Executives

Cary L Majors	officer: VP, N America Com Operations	5960 HEISLEY ROAD, MENTOR OH 44060
Michael J Tokich	director, officer: Sr. Vice Pres., CFO	C/O STERIS CORP, 5960 HEISLEY RD, MENTOR OH 44060
Christopher S Holland	director	ARAMARK CORP, 1101 MARKET ST 29TH FLOOR, PHILADELPHIA PA 19107
Julia Madsen	officer: Senior VP, Life Sciences	5960 HEISLEY ROAD, MENTOR OH 44060
Renato Tamaro	officer: V.P. & Corporate Treasurer	5960 HEISLEY ROAD, MENTOR OH 44060
Cynthia L Feldmann	director	17 WINTHROP ROAD, WAYLAND MA 01778
Mohsen Sohi	director	C/O STERIS CORPORATION, 5960 HEISLEY ROAD, MENTOR OH 44060
Karen L Burton	officer: VP, Controller & CAO	5960 HEISLEY ROAD, MENTOR OH 44060
Jacqueline B Kosecoff	director	5960 HEISLEY ROAD, MENTOR OH 44060
Richard C Breeden	director	100 SOUTH WACKER, SUITE 1800, CHICAGO IL 60606
Esther M. Alegria	director	2642 MICHELLE DRIVE, SUITE 200, TUSTIN CA 92780
John Adam Zangerle	director, officer: Sr. VP, Gen Counsel, and Sec.	5960 HEISLEY ROAD, MENTOR OH 44060
Andrew Xilas	officer: SVP and GM, Dental	5960 HEISLEY ROAD, MENTOR OH 44060
Paul Edward Martin	director	C/O UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422
David B Lewis	director