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 | $259.51 | |
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 | 0.40% | 0.38% | 0.37% | 0.35% | 0.33% | 0.31% | 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 % |
|---|---|---|---|---|
| 0R28.L | 0R28.L | 2.49% | $1.01 | 15.53% |
| ETR | ETR | 2.49% | $2.34 | 57.35% |
| NKE | NKE | 2.49% | $1.58 | 80.59% |
| OTTR | OTTR | 2.49% | $2.03 | 30.69% |
| FHN | FHN | 2.48% | $0.60 | 34.42% |
| PWP | PWP | 2.48% | $0.44 | 69.65% |
| SCS | SCS | 2.48% | $0.40 | 50.05% |
| PBI | PBI | 2.46% | $0.25 | 61.37% |
| RBCAA | RBCAA | 2.45% | $1.67 | 25.85% |
| SRCE | SRCE | 2.45% | $1.53 | 25.20% |
| TRMK | TRMK | 2.45% | $0.96 | 26.11% |
| VOYA | VOYA | 2.45% | $1.86 | 29.46% |
| AWK | AWK | 2.44% | $3.18 | 55.85% |
| LSTR | LSTR | 2.44% | $3.58 | 90.21% |
| NGL | NGL | 2.44% | $0.24 | 24.52% |
| TCFC | TCFC | 2.44% | $0.66 | 12.72% |
| CADE | CADE | 2.43% | $1.05 | 37.49% |
| JNJ | JNJ | 2.43% | $5.04 | 48.70% |
| MBCN | MBCN | 2.43% | $0.83 | 42.36% |
| 0L7G.L | 0L7G.L | 2.42% | $8.43 | 44.15% |
| ITW | ITW | 2.42% | $6.04 | 58.20% |
| MOFG | MOFG | 2.40% | $0.92 | 32.44% |
| FFIN | FFIN | 2.39% | $0.72 | 42.45% |
| ADP | ADP | 2.38% | $6.03 | 59.30% |
| CAL | CAL | 2.38% | $0.29 | 46.21% |
| ABM | ABM | 2.37% | $1.01 | 54.79% |
| FUNC | FUNC | 2.36% | $0.88 | 22.87% |
| HON | HON | 2.36% | $4.63 | 48.21% |
| RILYK | RILYK | 2.36% | $0.58 | 56.91% |
| CDW | CDW | 2.35% | $3.14 | 39.31% |
| CHMG | CHMG | 2.35% | $1.28 | 46.47% |
| LZB | LZB | 2.35% | $0.88 | 40.20% |
| PKG | PKG | 2.35% | $4.97 | 50.31% |
| UNP | UNP | 2.35% | $5.44 | 45.77% |
| 0K91.L | 0K91.L | 2.34% | $3.20 | 35.68% |
| MCD | MCD | 2.33% | $7.07 | 60.14% |
| MGEE | MGEE | 2.32% | $1.82 | 49.49% |
| MZTI | MZTI | 2.32% | $3.82 | 61.80% |
| UNM | UNM | 2.32% | $1.79 | 33.52% |
| RILYM | RILYM | 2.31% | $0.58 | 56.91% |
| RILYO | RILYO | 2.31% | $0.58 | 56.91% |
| HONIV | HONIV | 2.30% | $4.63 | 48.21% |
| PGR | PGR | 2.30% | $4.88 | 26.80% |
| WNEB | WNEB | 2.30% | $0.28 | 43.00% |
| 0R23.L | 0R23.L | 2.29% | $0.68 | 44.61% |
| ADS | ADS | 2.29% | $1.30 | 21.08% |
| HLNE | HLNE | 2.29% | $3.13 | 74.09% |
| BSVN | BSVN | 2.28% | $0.94 | 20.81% |
| MCBC | MCBC | 2.28% | $0.34 | 28.37% |
| BRKL | BRKL | 2.27% | $0.54 | 61.06% |