Ex-Dividend Reminder: StepStone Group, Jackson Financial and Ellington Financial

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As a percentage of STEP's recent stock price of $29.91, this dividend works out to approximately 0.70%, so look for shares of StepStone Group Inc to trade 0.70% lower — all else being equal — when STEP shares open for trading on 8/30/23. Similarly, investors should look for JXN to open 1.81% lower in price and for EFC to open 1.14% lower, all else being equal.

Below are dividend history charts for STEP, JXN, and EFC, showing historical dividends prior to the most recent ones declared.

StepStone Group Inc (NASDAQ:STEP):

Jackson Financial Inc (NYSE:JXN):

Ellington Financial Inc (NYSE:EFC):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.81% for StepStone Group Inc, 7.22% for Jackson Financial Inc, and 13.71% for Ellington Financial Inc.

In Monday trading, StepStone Group Inc shares are currently up about 2.2%, Jackson Financial Inc shares are up about 1%, and Ellington Financial Inc shares are up about 0.6% on the day.