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 % |
|---|---|---|---|---|
| PFE | PFE | 6.75% | $1.70 | 98.83% |
| COG | COG | 6.71% | $1.49 | 52.20% |
| VZ | VZ | 6.66% | $2.70 | 57.56% |
| AC | AC | 6.63% | $2.21 | 86.94% |
| VAC | VAC | 6.62% | $3.90 | 78.61% |
| SSTK | SSTK | 6.61% | $1.24 | 75.34% |
| EPD | EPD | 6.60% | $2.12 | 80.06% |
| SXC | SXC | 6.57% | $0.48 | 63.44% |
| DIN | DIN | 6.56% | $2.18 | 90.98% |
| CBL | CBL | 6.54% | $2.42 | 61.13% |
| CRI | CRI | 6.47% | $2.15 | 85.39% |
| KYN | KYN | 6.47% | $0.80 | 35.36% |
| SMMCX | SMMCX | 6.45% | $0.96 | 71.65% |
| HESM | HESM | 6.39% | $2.21 | 87.39% |
| WRB-PF | WRB-PF | 6.38% | $1.27 | 26.69% |
| RMT | RMT | 6.37% | $0.67 | 32.29% |
| PNF | PNF | 6.30% | $0.48 | 54.92% |
| ENR | ENR | 6.29% | $1.25 | 36.44% |
| UPS | UPS | 6.29% | $6.35 | 98.06% |
| NWBI | NWBI | 6.27% | $0.75 | 93.81% |
| UIHC | UIHC | 6.27% | $0.48 | 5.99% |
| TROW | TROW | 6.24% | $6.53 | 69.41% |
| JRSH | JRSH | 6.20% | $0.19 | 0.52% |
| MUA | MUA | 6.14% | $0.66 | 73.39% |
| VKI | VKI | 6.11% | $0.56 | 76.68% |
| GL-PD | GL-PD | 6.10% | $1.03 | 7.35% |
| CLNY | CLNY | 6.07% | $0.52 | 13.43% |
| OMF | OMF | 6.07% | $4.20 | 71.06% |
| VICI | VICI | 6.07% | $1.71 | 65.54% |
| IMMR | IMMR | 6.06% | $0.39 | 14.22% |
| KRNY | KRNY | 5.99% | $0.44 | 93.99% |
| DMF | DMF | 5.97% | $0.41 | 29.64% |
| UNB | UNB | 5.96% | $1.41 | 57.02% |
| ARTMX | ARTMX | 5.91% | $1.95 | 91.77% |
| SABA | SABA | 5.87% | $0.49 | 24.55% |
| BRD | BRD | 5.86% | $0.63 | 95.51% |
| ETRN | ETRN | 5.81% | $0.72 | 69.91% |
| EHLDV | EHLDV | 5.80% | $0.28 | 5.02% |
| REPX | REPX | 5.80% | $1.54 | 38.01% |
| AII | AII | 5.79% | $1.17 | 26.25% |
| VRTS | VRTS | 5.75% | $9.35 | 47.12% |
| CXH | CXH | 5.74% | $0.46 | 80.40% |
| GES | GES | 5.72% | $0.96 | 61.52% |
| KRC | KRC | 5.71% | $2.17 | 79.80% |
| WRB-PE | WRB-PE | 5.68% | $1.27 | 26.69% |
| LEO | LEO | 5.66% | $0.36 | 37.22% |
| WLYB | WLYB | 5.64% | $1.76 | 92.90% |
| KMPB | KMPB | 5.60% | $1.31 | 32.45% |
| CBTX | CBTX | 5.56% | $1.63 | 54.55% |
| 0HST.L | 0HST.L | 5.53% | $1.55 | 80.10% |