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 % |
|---|---|---|---|---|
| 0K58.L | 0K58.L | 1.29% | $0.20 | 15.83% |
| CON | CON | 1.29% | $0.25 | 20.88% |
| CSGS | CSGS | 1.28% | $0.98 | 32.90% |
| CSL | CSL | 1.28% | $4.20 | 23.23% |
| JKHY | JKHY | 1.28% | $2.29 | 34.69% |
| MSA | MSA | 1.28% | $2.08 | 29.19% |
| PAHC | PAHC | 1.28% | $0.48 | 28.68% |
| WMG | WMG | 1.28% | $0.39 | 61.67% |
| 0K4C.L | 0K4C.L | 1.27% | $2.10 | 28.38% |
| DCI | DCI | 1.27% | $1.14 | 35.14% |
| TEX | TEX | 1.27% | $0.70 | 29.49% |
| BCC | BCC | 1.26% | $0.93 | 18.09% |
| BCML | BCML | 1.25% | $0.36 | 16.94% |
| MSCI | MSCI | 1.25% | $7.07 | 44.68% |
| PRMW | PRMW | 1.25% | $0.35 | 61.28% |
| ESI | ESI | 1.24% | $0.32 | 32.50% |
| LECO | LECO | 1.23% | $3.00 | 31.76% |
| MCRI | MCRI | 1.23% | $1.18 | 26.69% |
| PBI-PB | PBI-PB | 1.23% | $0.25 | 61.37% |
| RJF | RJF | 1.23% | $2.01 | 19.48% |
| WFRD | WFRD | 1.23% | $1.00 | 17.78% |
| AMP | AMP | 1.22% | $6.04 | 16.30% |
| BRC | BRC | 1.22% | $0.96 | 23.25% |
| GCBC | GCBC | 1.21% | $0.26 | 13.26% |
| RICK | RICK | 1.21% | $0.28 | 15.00% |
| ABC | ABC | 1.20% | $2.25 | 28.12% |
| EQBK | EQBK | 1.20% | $0.54 | 58.24% |
| HMNF | HMNF | 1.20% | $0.34 | 28.27% |
| IBP | IBP | 1.20% | $3.22 | 34.18% |
| CHH | CHH | 1.19% | $1.15 | 13.93% |
| EQC | EQC | 1.19% | $0.02 | 8.60% |
| FLS | FLS | 1.19% | $0.84 | 24.35% |
| ICE | ICE | 1.19% | $1.90 | 33.71% |
| LNN | LNN | 1.19% | $1.44 | 21.27% |
| INGM | INGM | 1.18% | $0.25 | 20.42% |
| RBA | RBA | 1.18% | $1.22 | 52.13% |
| SEIC | SEIC | 1.18% | $0.98 | 17.66% |
| HEES | HEES | 1.17% | $1.11 | 44.29% |
| WSFS | WSFS | 1.17% | $0.64 | 13.17% |
| ASTE | ASTE | 1.16% | $0.52 | 24.84% |
| GFGD | GFGD | 1.16% | $0.12 | 42.35% |
| HUBG | HUBG | 1.16% | $0.50 | 28.58% |
| NWS | NWS | 1.16% | $0.35 | 16.79% |
| FCX | FCX | 1.15% | $0.60 | 41.87% |
| GFF | GFF | 1.15% | $0.86 | 77.66% |
| LH | LH | 1.15% | $2.89 | 28.24% |
| YAFIX | YAFIX | 1.15% | $0.22 | 27.84% |
| 0L1G.L | 0L1G.L | 1.14% | $0.99 | 29.41% |
| 0M29.L | 0M29.L | 1.14% | $1.56 | 40.08% |
| DHI | DHI | 1.14% | $1.66 | 13.80% |