Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

John Hancock Tax-Advantaged Dividend Income Fund (HTD)

Company Dividend Discount ModelIndustry: Asset Management - IncomeSector: Financial Services

Valuation Snapshot

Stable Growth$51.99 - $79.65$64.90
Multi-Stage$83.98 - $92.08$87.95
Blended Fair Value$76.43
Current Price$22.91
Upside233.60%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-4.20%1.56%1.661.681.651.671.652.052.181.821.471.50
YoY Growth---1.26%1.88%-1.40%1.27%-19.67%-5.84%19.92%23.57%-2.23%6.06%
Dividend Yield--7.20%10.18%7.23%6.80%8.68%7.48%9.74%7.10%6.17%7.17%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)201.04
(-) Cash Dividends Paid (M)102.68
(=) Cash Retained (M)98.36
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)40.2125.1315.08
Cash Retained (M)98.3698.3698.36
(-) Cash Required (M)-40.21-25.13-15.08
(=) Excess Retained (M)58.1573.2383.28
(/) Shares Outstanding (M)35.4335.4335.43
(=) Excess Retained per Share1.642.072.35
LTM Dividend per Share2.902.902.90
(+) Excess Retained per Share1.642.072.35
(=) Adjusted Dividend4.544.965.25
WACC / Discount Rate8.25%8.25%8.25%
Growth Rate-0.44%0.56%1.56%
Fair Value$51.99$64.90$79.65
Upside / Downside126.94%183.30%247.66%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)201.04202.16203.30204.43205.58206.73212.93
Payout Ratio51.08%58.86%66.65%74.43%82.22%90.00%92.50%
Projected Dividends (M)102.68118.99135.49152.16169.02186.06196.96

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.25%8.25%8.25%
Growth Rate-0.44%0.56%1.56%
Year 1 PV (M)108.83109.92111.02
Year 2 PV (M)113.33115.62117.93
Year 3 PV (M)116.40119.95123.56
Year 4 PV (M)118.26123.08128.05
Year 5 PV (M)119.06125.16131.51
PV of Terminal Value (M)2,399.652,522.612,650.56
Equity Value (M)2,975.533,116.343,262.62
Shares Outstanding (M)35.4335.4335.43
Fair Value$83.98$87.95$92.08
Upside / Downside266.56%283.91%301.93%

High-Yield Dividend Screener

« Prev Page 107 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
6850.TChino Corporation0.71%$9.969.27%
688059.SSZhuzhou Huarui Precision Cutting Tools Co.,Ltd0.71%$0.5629.25%
688508.SSWuxi Chipown Micro-electronics limited0.71%$0.4326.46%
9638.HKFerretti S.p.A.0.71%$0.2038.33%
CRAB.JKPT Toba Surimi Industries Tbk0.71%$2.0013.13%
NBRNabors Industries Ltd.0.71%$0.402.93%
000429.SZGuangdong Provincial Expressway Development Co., Ltd.0.70%$0.089.82%
001288.SZSichuan Zigong Conveying Machine Group Co., Ltd.0.70%$0.2229.11%
002131.SZLeo Group Co., Ltd.0.70%$0.0452.22%
002676.SZGuangdong Sunwill Precising Plastic Co.,Ltd0.70%$0.0659.42%
012510.KSDouzone Bizon Co., Ltd.0.70%$627.8325.46%
0306.HKKwoon Chung Bus Holdings Limited0.70%$0.025.99%
0596.HKInspur Digital Enterprise Technology Limited0.70%$0.057.15%
0A28.LProsus N.V.0.70%$0.202.47%
2308.TWDelta Electronics, Inc.0.70%$6.9936.39%
248170.KSSempio Foods Company0.70%$199.906.93%
300570.SZT&S Communications Co.,Ltd.0.70%$0.8148.35%
301121.SZChongqing VDL Electronics Co., Ltd.0.70%$0.2871.34%
600436.SSZhangzhou Pientzehuang Pharmaceutical., Ltd0.70%$1.1929.62%
601179.SSChina XD Electric Co., Ltd0.70%$0.0626.97%
603610.SSKeeson Technology Corporation Limited0.70%$0.1330.85%
603861.SSGuangzhou Baiyun Electric Equipment Co., Ltd.0.70%$0.0920.16%
603931.SSHangzhou Greenda Electronic Materials Co., Ltd.0.70%$0.2234.41%
EBG.AXEumundi Group Limited0.70%$0.0111.04%
FIBRAPL14.MXFIBRA Prologis0.70%$0.5310.31%
GENT.OLGentian Diagnostics ASA0.70%$0.4014.62%
GNP.AXGenusPlus Group Limited0.70%$0.0414.64%
000752.SZTibet Development Co., Ltd.0.69%$0.0813.60%
002370.SZZhejiang Yatai Pharmaceutical Co., Ltd.0.69%$0.0527.70%
002720.KSKukje Pharma Co., Ltd.0.69%$30.079.58%
035900.KQJYP Entertainment Corporation0.69%$534.0010.38%
0YQA.LCarel Industries S.p.A.0.69%$0.1728.52%
163730.KQFinger, Inc.0.69%$70.8522.74%
1698.HKTencent Music Entertainment Group0.69%$0.4813.95%
300274.SZSungrow Power Supply Co., Ltd.0.69%$1.1815.76%
300285.SZShandong Sinocera Functional Material Co., Ltd.0.69%$0.1930.63%
300314.SZNingbo David Medical Device Co., Ltd.0.69%$0.0937.64%
300373.SZYangzhou Yangjie Electronic Technology Co., Ltd.0.69%$0.4719.50%
300434.SZSichuan Goldstone Asia Pharmaceutical Inc.0.69%$0.0722.00%
300800.SZLihe Technology (Hunan) Co., Ltd.0.69%$0.0845.90%
5E2.SISeatrium Ltd0.69%$0.0119.15%
600206.SSGrinm Advanced Materials Co., Ltd.0.69%$0.1442.92%
600760.SSAVIC Shenyang Aircraft Company Limited0.69%$0.3937.55%
601838.SSBank of Chengdu Co., Ltd.0.69%$0.113.53%
603038.SSDongguan Huali Industries Co.,Ltd0.69%$0.1185.83%
603790.SSArgus (Shanghai) Textile Chemicals Co.,Ltd.0.69%$0.1345.04%
605488.SSZhejiang Fulai New Material Co.,Ltd.0.69%$0.2449.43%
EYAPS.ATThessaloniki Water Supply & Sewerage Co S.A.0.69%$0.039.65%
SKBNK.ISSekerbank T.A.S.0.69%$0.054.55%
VBNKVersaBank0.69%$0.1011.57%