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 % |
|---|---|---|---|---|
| ATLO | ATLO | 3.84% | $0.87 | 48.60% |
| FRME | FRME | 3.83% | $1.44 | 35.39% |
| PCAR | PCAR | 3.83% | $4.27 | 83.66% |
| 0HJO.L | 0HJO.L | 3.82% | $6.86 | 84.26% |
| FE | FE | 3.82% | $1.73 | 75.49% |
| LXFR | LXFR | 3.81% | $0.52 | 98.38% |
| LCII | LCII | 3.80% | $4.72 | 64.48% |
| NEN | NEN | 3.78% | $2.44 | 73.23% |
| PAYX | PAYX | 3.78% | $4.10 | 91.97% |
| RGCO | RGCO | 3.78% | $0.81 | 63.02% |
| UBSI | UBSI | 3.78% | $1.45 | 48.05% |
| SLVM | SLVM | 3.77% | $1.80 | 41.11% |
| CAC | CAC | 3.75% | $1.61 | 47.99% |
| ARCH | ARCH | 3.74% | $5.04 | 50.87% |
| USB | USB | 3.74% | $2.02 | 43.68% |
| WSR | WSR | 3.74% | $0.52 | 60.32% |
| FDBC | FDBC | 3.73% | $1.61 | 35.71% |
| WNC | WNC | 3.73% | $0.33 | 5.38% |
| VLY | VLY | 3.72% | $0.43 | 47.26% |
| GHLD | GHLD | 3.71% | $0.74 | 36.91% |
| FNF | FNF | 3.69% | $2.00 | 46.79% |
| IPAR | IPAR | 3.68% | $3.15 | 61.47% |
| WSBF | WSBF | 3.68% | $0.61 | 45.57% |
| AROW | AROW | 3.66% | $1.15 | 54.67% |
| ASIX | ASIX | 3.66% | $0.63 | 32.72% |
| ASRV | ASRV | 3.66% | $0.12 | 78.81% |
| CVGW | CVGW | 3.66% | $0.80 | 71.92% |
| OXY | OXY | 3.65% | $1.55 | 75.62% |
| FMAO | FMAO | 3.64% | $0.89 | 37.59% |
| LNKB | LNKB | 3.64% | $0.30 | 29.21% |
| BHRB | BHRB | 3.63% | $2.24 | 31.71% |
| EOG | EOG | 3.63% | $3.90 | 38.34% |
| FITB | FITB | 3.61% | $1.72 | 47.89% |
| LNC | LNC | 3.61% | $1.63 | 14.98% |
| MCBS | MCBS | 3.61% | $0.95 | 36.60% |
| OZK | OZK | 3.61% | $1.70 | 26.69% |
| PCB | PCB | 3.61% | $0.78 | 31.72% |
| SFD | SFD | 3.60% | $0.80 | 36.46% |
| 0HOB.L | 0HOB.L | 3.59% | $1.54 | 33.12% |
| ASB | ASB | 3.59% | $0.92 | 87.56% |
| PLOW | PLOW | 3.59% | $1.18 | 66.47% |
| EXC | EXC | 3.58% | $1.57 | 56.50% |
| MC | MC | 3.58% | $2.55 | 85.89% |
| TIPT | TIPT | 3.57% | $0.64 | 49.10% |
| BPRN | BPRN | 3.56% | $1.20 | 46.56% |
| EVRG | EVRG | 3.56% | $2.60 | 71.71% |
| CZFS | CZFS | 3.55% | $1.97 | 27.82% |
| CNO-PA | CNO-PA | 3.54% | $0.67 | 22.53% |
| NBTB | NBTB | 3.54% | $1.47 | 46.30% |
| 0JQQ.L | 0JQQ.L | 3.53% | $2.03 | 82.76% |