Dividend Discount Models Snapshot
| Model | Range | Selected |
|---|---|---|
| Stable Growth DDM | $133.25 - $243.43 | $178.02 |
| Multi-Stage DDM | $100.63 - $110.15 | $105.30 |
| Blended Fair Value | $141.66 | |
| Stock Price | $263.70 | |
Dividend History (Last 10 Years)
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 1.028 | 0.989 | 0.950 | 0.909 | 0.858 | 0.803 | 0.759 | 0.686 | 0.608 | 0.552 |
| YoY % | 3.95% | 4.05% | 4.53% | 5.97% | 6.78% | 5.80% | 10.75% | 12.79% | 10.07% | 10.69% |
| Yield | 0.39% | 0.37% | 0.36% | 0.34% | 0.33% | 0.30% | 0.29% | 0.26% | 0.23% | 0.21% |
| CAGR | Value |
|---|---|
| 5 Year | 5.05% |
| 10 Year | 7.49% |
Discounted Dividend Model - Stable Growth
| Metric | Range | Selected |
|---|---|---|
| LT Growth | 3.56% to 5.56% | 4.56% |
| WACC | 9.00% | 9.00% |
| Fair Value | $133.25 - $243.43 | $178.02 |
Calculation Details (Millions)
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (*) Adjusted Net Income | 112,010.00 | 112,010.00 | 112,010.00 |
| (=) Cash Required | 22,402.00 | 14,001.25 | 8,400.75 |
| (=) Excess Retained per Share | 5.97 | 6.53 | 6.91 |
| LTM Dividend per Share | 1.028 | 1.028 | 1.028 |
| (=) Adjusted Dividend | 7.000 | 7.560 | 7.933 |
Multi-Stage Projections (BASE Case - Millions)
| Metric | TTM | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|---|
| Net Income | 112,010.00 | 117,117.64 | 122,458.18 | 128,042.25 | 133,880.96 | 139,985.90 |
| Projected Dividends | 15,421.00 | 29,279.41 | 50,207.85 | 72,984.08 | 97,733.10 | 125,987.31 |
Multi-Stage Valuation (Millions)
| Present Values | LOW | BASE | HIGH |
|---|---|---|---|
| Year 1 PV | 27,776.37 | 28,044.59 | 28,312.80 |
| Year 2 PV | 43,279.76 | 44,119.63 | 44,967.58 |
| Year 3 PV | 57,166.46 | 58,838.54 | 60,542.92 |
| Year 4 PV | 69,559.23 | 72,285.12 | 75,090.35 |
| Year 5 PV | 81,477.91 | 85,488.48 | 89,655.43 |
| TV PV | 1,230,657.40 | 1,291,233.65 | 1,354,172.13 |
| Equity Value | 1,509,917.14 | 1,580,010.01 | 1,652,741.22 |
| Fair Value | $100.63 | $105.30 | $110.15 |
Top Dividend Stocks
| Ticker | Company Name | Yield % | DPS | Payout % |
|---|---|---|---|---|
| THFF | THFF | 3.32% | $1.98 | 31.67% |
| IRDM | IRDM | 3.31% | $0.59 | 49.66% |
| PDCO | PDCO | 3.31% | $1.04 | 66.64% |
| 0HRZ.L | 0HRZ.L | 3.30% | $0.88 | 40.64% |
| ACI | ACI | 3.30% | $0.57 | 33.33% |
| KDP | KDP | 3.30% | $0.92 | 78.89% |
| SPB | SPB | 3.30% | $1.98 | 48.25% |
| 0IUX.L | 0IUX.L | 3.29% | $4.05 | 69.77% |
| BG | BG | 3.29% | $3.05 | 31.37% |
| HDGCX | HDGCX | 3.29% | $1.08 | 20.58% |
| PSBD | PSBD | 3.29% | $0.40 | 90.32% |
| LIEN | LIEN | 3.28% | $0.34 | 23.50% |
| REXR | REXR | 3.28% | $1.28 | 90.14% |
| CVCY | CVCY | 3.27% | $0.58 | 32.80% |
| F-PD | F-PD | 3.27% | $0.74 | 63.45% |
| FSBW | FSBW | 3.27% | $1.33 | 31.78% |
| TRNO | TRNO | 3.27% | $1.93 | 62.02% |
| 0I1P.L | 0I1P.L | 3.26% | $2.82 | 52.30% |
| ALEX | ALEX | 3.26% | $0.67 | 66.95% |
| BRX | BRX | 3.26% | $0.85 | 78.30% |
| AGM-PC | AGM-PC | 3.24% | $7.85 | 39.89% |
| HTO | HTO | 3.24% | $1.60 | 52.08% |
| WEC | WEC | 3.24% | $3.45 | 66.21% |
| XOM | XOM | 3.24% | $3.98 | 57.54% |
| SCL | SCL | 3.22% | $1.52 | 76.82% |
| HBT | HBT | 3.21% | $0.83 | 33.20% |
| KALU | KALU | 3.21% | $3.86 | 70.13% |
| SMP | SMP | 3.20% | $1.18 | 38.74% |
| 0QZA.L | 0QZA.L | 3.19% | $3.09 | 43.65% |
| PAG | PAG | 3.18% | $5.04 | 35.22% |
| CRBG | CRBG | 3.17% | $0.96 | 52.57% |
| ED | ED | 3.17% | $3.17 | 56.36% |
| LARK | LARK | 3.17% | $0.82 | 38.75% |
| NBPU.L | NBPU.L | 3.17% | $0.67 | 70.20% |
| PFBC | PFBC | 3.16% | $3.03 | 29.67% |
| HNI | HNI | 3.15% | $1.34 | 44.63% |
| RBB | RBB | 3.15% | $0.64 | 43.45% |
| FG | FG | 3.14% | $0.94 | 28.23% |
| NBHC | NBHC | 3.14% | $1.19 | 37.27% |
| 0KZA.L | 0KZA.L | 3.13% | $0.60 | 9.44% |
| CBU | CBU | 3.13% | $1.82 | 46.85% |
| DTE | DTE | 3.13% | $4.08 | 87.19% |
| RNST | RNST | 3.13% | $1.11 | 48.14% |
| BSRR | BSRR | 3.11% | $1.01 | 34.68% |
| FCF | FCF | 3.11% | $0.52 | 38.19% |
| PNC | PNC | 3.11% | $6.57 | 39.89% |
| PRK | PRK | 3.11% | $4.80 | 44.20% |
| GEF | GEF | 3.10% | $2.12 | 12.04% |
| 0QAH.L | 0QAH.L | 3.09% | $3.25 | 42.60% |
| BANR | BANR | 3.09% | $1.93 | 35.15% |