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 % |
|---|---|---|---|---|
| GHY | GHY | 15.29% | $1.89 | 62.38% |
| BGR | BGR | 15.26% | $2.12 | 98.26% |
| BOE | BOE | 15.09% | $1.78 | 67.28% |
| FEN | FEN | 15.00% | $2.40 | 49.79% |
| SOJE | SOJE | 14.95% | $2.69 | 67.01% |
| PSF | PSF | 14.84% | $3.02 | 56.28% |
| EVG | EVG | 14.82% | $1.62 | 71.62% |
| LDP | LDP | 14.73% | $3.15 | 54.69% |
| DNP | DNP | 14.64% | $1.45 | 53.01% |
| JRS | JRS | 14.56% | $1.11 | 89.79% |
| DPG | DPG | 14.47% | $1.86 | 54.60% |
| BST | BST | 14.42% | $5.86 | 46.91% |
| MPAIX | MPAIX | 14.33% | $4.00 | 43.20% |
| JCAP | JCAP | 14.11% | $3.12 | 45.65% |
| PHT | PHT | 13.99% | $1.19 | 61.96% |
| RZC | RZC | 13.93% | $3.55 | 27.34% |
| RNP | RNP | 13.88% | $2.77 | 61.92% |
| DOMH | DOMH | 13.87% | $0.70 | 10.86% |
| STT-PD | STT-PD | 13.86% | $3.46 | 33.48% |
| FCT | FCT | 13.80% | $1.38 | 67.42% |
| VIRT | VIRT | 13.57% | $4.43 | 89.50% |
| DHF | DHF | 13.55% | $0.34 | 61.16% |
| JHI | JHI | 13.15% | $1.79 | 74.97% |
| AIO | AIO | 12.91% | $2.82 | 38.01% |
| UTF | UTF | 12.84% | $3.14 | 53.56% |
| DFP | DFP | 12.81% | $2.68 | 48.05% |
| WEA | WEA | 12.81% | $1.43 | 80.16% |
| TPZ | TPZ | 12.76% | $2.64 | 67.76% |
| FT | FT | 12.72% | $1.02 | 56.42% |
| CSQ | CSQ | 12.70% | $2.43 | 51.10% |
| HYB | HYB | 12.68% | $1.04 | 63.42% |
| NBB | NBB | 12.66% | $2.00 | 85.04% |
| RWAY | RWAY | 12.66% | $1.14 | 75.51% |
| ELVT | ELVT | 12.61% | $0.24 | 75.91% |
| NDP | NDP | 12.60% | $5.09 | 86.32% |
| BCEI | BCEI | 12.58% | $7.06 | 98.41% |
| GENVR | GENVR | 12.54% | $0.50 | 54.91% |
| SOJC | SOJC | 12.31% | $2.69 | 67.01% |
| BTO | BTO | 12.25% | $4.32 | 29.72% |
| FEI | FEI | 12.21% | $1.20 | 58.56% |
| PCN | PCN | 12.19% | $1.55 | 68.95% |
| HTD | HTD | 12.17% | $2.90 | 51.08% |
| NIE | NIE | 12.17% | $3.04 | 45.26% |
| PFD | PFD | 11.99% | $1.43 | 48.51% |
| TYG | TYG | 11.98% | $4.96 | 43.95% |
| FPL | FPL | 11.82% | $0.92 | 54.20% |
| BTZ | BTZ | 11.69% | $1.26 | 92.75% |
| BHBFX | BHBFX | 11.61% | $2.85 | 40.22% |
| CGABL | CGABL | 11.57% | $2.01 | 97.92% |
| DBL | DBL | 11.57% | $1.76 | 52.03% |