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 % |
|---|---|---|---|---|
| SIGI | SIGI | 1.77% | $1.48 | 22.19% |
| FUSB | FUSB | 1.76% | $0.25 | 26.72% |
| R | R | 1.76% | $3.41 | 28.29% |
| RGA | RGA | 1.75% | $3.55 | 27.34% |
| TFG.AS | TFG.AS | 1.75% | $0.30 | 3.32% |
| WFC | WFC | 1.75% | $1.67 | 25.46% |
| HCKT | HCKT | 1.74% | $0.34 | 85.97% |
| LEG | LEG | 1.74% | $0.19 | 11.94% |
| RPRX | RPRX | 1.74% | $0.67 | 49.36% |
| SFBC | SFBC | 1.74% | $0.76 | 37.96% |
| SXT | SXT | 1.74% | $1.63 | 50.00% |
| MKTX | MKTX | 1.73% | $3.09 | 52.31% |
| PRG | PRG | 1.73% | $0.51 | 12.57% |
| STEL | STEL | 1.73% | $0.53 | 26.88% |
| UFCS | UFCS | 1.73% | $0.62 | 14.63% |
| AMAL | AMAL | 1.72% | $0.55 | 16.32% |
| BK | BK | 1.72% | $2.01 | 27.06% |
| COWN | COWN | 1.72% | $0.67 | 33.32% |
| DG | DG | 1.72% | $2.35 | 40.66% |
| AMKR | AMKR | 1.71% | $0.73 | 59.04% |
| DTF | DTF | 1.71% | $0.20 | 80.42% |
| ERIE | ERIE | 1.71% | $4.75 | 38.59% |
| FLXS | FLXS | 1.71% | $0.68 | 17.01% |
| MTCH | MTCH | 1.71% | $0.54 | 25.07% |
| LBRT | LBRT | 1.70% | $0.32 | 28.43% |
| OVBC | OVBC | 1.70% | $0.67 | 28.36% |
| WTFC | WTFC | 1.70% | $2.43 | 20.92% |
| BANF | BANF | 1.69% | $1.80 | 25.72% |
| BDL | BDL | 1.69% | $0.50 | 21.50% |
| CDHAX | CDHAX | 1.69% | $0.64 | 41.92% |
| CINR | CINR | 1.69% | $0.34 | 19.21% |
| EXPO | EXPO | 1.69% | $1.18 | 58.07% |
| GD | GD | 1.69% | $5.80 | 37.41% |
| HQI | HQI | 1.69% | $0.18 | 36.36% |
| OTF | OTF | 1.69% | $0.24 | 9.20% |
| PHIN | PHIN | 1.68% | $1.09 | 47.78% |
| PTRS | PTRS | 1.68% | $0.12 | 13.62% |
| RNGR | RNGR | 1.67% | $0.24 | 34.90% |
| HQH | HQH | 1.66% | $0.31 | 6.95% |
| JILL | JILL | 1.66% | $0.23 | 10.45% |
| PSH.AS | PSH.AS | 1.65% | $0.85 | 6.48% |
| SKT | SKT | 1.65% | $0.55 | 58.16% |
| USCB | USCB | 1.64% | $0.30 | 18.70% |
| BOTJ | BOTJ | 1.62% | $0.30 | 26.41% |
| RS | RS | 1.62% | $4.78 | 34.66% |
| SCI | SCI | 1.62% | $1.25 | 33.57% |
| SMLP | SMLP | 1.62% | $0.59 | 6.02% |
| TKR | TKR | 1.62% | $1.40 | 32.90% |
| TRINL | TRINL | 1.62% | $0.41 | 20.50% |
| CARR | CARR | 1.61% | $0.86 | 18.56% |