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 % |
|---|---|---|---|---|
| F | F | 5.53% | $0.74 | 63.45% |
| LCNB | LCNB | 5.48% | $0.89 | 53.03% |
| PPBI | PPBI | 5.48% | $1.34 | 92.42% |
| VGR | VGR | 5.48% | $0.82 | 63.35% |
| DLX | DLX | 5.43% | $1.21 | 66.43% |
| BAFN | BAFN | 5.41% | $0.43 | 21.50% |
| IPG | IPG | 5.41% | $1.33 | 88.72% |
| PEBO | PEBO | 5.39% | $1.62 | 56.40% |
| OKE | OKE | 5.38% | $4.00 | 75.29% |
| BUSE | BUSE | 5.37% | $1.28 | 75.92% |
| OAS | OAS | 5.37% | $5.87 | 65.40% |
| EIX | EIX | 5.36% | $3.26 | 39.45% |
| 0R1X.L | 0R1X.L | 5.35% | $2.45 | 45.62% |
| FIBK | FIBK | 5.35% | $1.89 | 79.54% |
| FNCB | FNCB | 5.33% | $0.36 | 51.41% |
| DHIL | DHIL | 5.31% | $9.05 | 52.46% |
| SLRC | SLRC | 5.31% | $0.82 | 49.67% |
| EPSN | EPSN | 5.30% | $0.24 | 91.92% |
| UVV | UVV | 5.28% | $2.78 | 62.64% |
| FLIC | FLIC | 5.27% | $0.63 | 86.64% |
| AUB | AUB | 5.22% | $1.85 | 76.04% |
| SAFE | SAFE | 5.20% | $0.71 | 45.17% |
| GAB-PG | GAB-PG | 5.19% | $1.08 | 81.70% |
| HPQ | HPQ | 5.19% | $1.15 | 43.02% |
| SOI | SOI | 5.18% | $0.70 | 25.64% |
| MBINO | MBINO | 5.17% | $1.29 | 24.09% |
| 0JXQ.L | 0JXQ.L | 5.13% | $3.17 | 52.63% |
| EMN | EMN | 5.12% | $3.29 | 54.36% |
| EMBC | EMBC | 5.10% | $0.59 | 36.96% |
| AM | AM | 5.09% | $0.91 | 93.18% |
| CZNC | CZNC | 5.09% | $1.02 | 57.64% |
| FMNB | FMNB | 5.09% | $0.68 | 46.83% |
| 0J66.L | 0J66.L | 5.08% | $0.90 | 84.69% |
| GLPI | GLPI | 5.07% | $2.25 | 82.42% |
| PFIS | PFIS | 5.07% | $2.44 | 46.22% |
| TBB | TBB | 5.07% | $1.14 | 36.88% |
| KFRC | KFRC | 5.02% | $1.57 | 68.10% |
| TTP | TTP | 5.02% | $2.39 | 20.11% |
| STAR-PG | STAR-PG | 4.94% | $1.24 | 34.23% |
| PFS | PFS | 4.93% | $0.97 | 61.13% |
| UBFO | UBFO | 4.92% | $0.48 | 73.45% |
| DDT | DDT | 4.90% | $1.29 | 3.46% |
| SGU | SGU | 4.89% | $0.58 | 36.90% |
| AGR | AGR | 4.88% | $1.76 | 60.70% |
| KMB | KMB | 4.88% | $4.95 | 83.80% |
| OCFC | OCFC | 4.86% | $0.87 | 61.98% |
| 0I0J.L | 0I0J.L | 4.85% | $4.89 | 76.11% |
| FNLC | FNLC | 4.83% | $1.28 | 45.40% |
| RILYZ | RILYZ | 4.83% | $0.58 | 56.91% |
| BSET | BSET | 4.82% | $0.80 | 89.43% |