Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Invesco Trust for Investment Grade New York Municipals (VTN)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$4.70 - $6.22$5.49
Multi-Stage$10.26 - $11.30$10.77
Blended Fair Value$8.13
Current Price$10.71
Upside-24.08%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-7.65%-7.83%0.400.400.490.610.590.600.680.740.800.88
YoY Growth--0.41%-17.91%-19.55%3.60%-2.24%-11.16%-8.41%-8.19%-8.71%-3.34%
Dividend Yield--3.76%3.81%4.84%4.98%4.47%4.42%5.21%5.64%5.96%5.82%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)22.25
(-) Cash Dividends Paid (M)14.68
(=) Cash Retained (M)7.57
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4.452.781.67
Cash Retained (M)7.577.577.57
(-) Cash Required (M)-4.45-2.78-1.67
(=) Excess Retained (M)3.124.795.90
(/) Shares Outstanding (M)18.2618.2618.26
(=) Excess Retained per Share0.170.260.32
LTM Dividend per Share0.800.800.80
(+) Excess Retained per Share0.170.260.32
(=) Adjusted Dividend0.971.071.13
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate-9.65%-8.65%-7.65%
Fair Value$4.70$5.49$6.22
Upside / Downside-56.10%-48.72%-41.92%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)22.2520.3218.5716.9615.4914.1514.58
Payout Ratio65.99%70.79%75.59%80.39%85.20%90.00%92.50%
Projected Dividends (M)14.6814.3914.0313.6313.2012.7413.48

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate-9.65%-8.65%-7.65%
Year 1 PV (M)13.0513.1913.33
Year 2 PV (M)11.5411.7912.05
Year 3 PV (M)10.1610.5010.85
Year 4 PV (M)8.929.329.74
Year 5 PV (M)7.818.258.71
PV of Terminal Value (M)135.91143.60151.63
Equity Value (M)187.38196.65206.32
Shares Outstanding (M)18.2618.2618.26
Fair Value$10.26$10.77$11.30
Upside / Downside-4.19%0.55%5.50%

High-Yield Dividend Screener

« Prev Page 15 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
1908.HKC&D International Investment Group Limited7.31%$1.1225.81%
2529.HKHollwin Urban Operation Service Group Co., Ltd7.31%$0.2224.64%
BMOB3.SABemobi Mobile Tech S.A.7.31%$1.6192.50%
CAMB3.SACambuci S.A.7.30%$0.7245.75%
CIP.AXCenturia Industrial REIT7.30%$0.2484.35%
NEO.BKNeo Corporate PCL7.30%$1.3550.11%
QTC.BKQTC Energy Public Company Limited7.30%$0.2597.23%
WHATS.BRWhat's Cooking Group NV/SA7.29%$8.2032.94%
C5H.IRCairn Homes plc7.28%$0.1544.15%
DOHI.QADoha Insurance Group Q.P.S.C.7.28%$0.1946.40%
STRN.SWSchlatter Industries AG7.28%$1.5052.09%
HDN.AXHomeCo Daily Needs REIT7.27%$0.1062.96%
IPCM.JKPT Jasa Armada Indonesia Tbk7.27%$26.1977.38%
O39.SIOversea-Chinese Banking Corporation Limited7.27%$1.4449.91%
THIP.BKThantawan Industry Public Company Limited7.27%$1.6450.43%
C6L.SISingapore Airlines Limited7.26%$0.4745.79%
SAPPE.BKSappe Public Company Limited7.26%$2.2382.18%
QIP.AXQANTM Intellectual Property Limited7.25%$0.1392.42%
KUOA.MXGrupo KUO, S.A.B. de C.V.7.24%$4.3464.64%
OYY.SIPropNex Limited7.24%$0.1493.41%
7035.KLCCK Consolidated Holdings Berhad7.23%$0.0976.61%
SOGN.OLSogn Sparebank7.22%$20.0011.36%
0QN6.LSF Urban Properties AG7.21%$7.2563.89%
WBC.AXWestpac Banking Corporation7.21%$2.8174.44%
120110.KSKolon Industries, Inc.7.20%$3,060.7698.52%
MILS3.SAMills Locação, Serviços e Logística S.A.7.20%$1.0181.51%
UZU.DEUzin Utz AG7.20%$5.1146.82%
3296.TNIPPON REIT Investment Corporation7.19%$7,108.4763.73%
600035.SSHubei Chutian Smart Communication Co.,Ltd.7.19%$0.2866.74%
036460.KSKorea Gas Corporation7.17%$2,752.5029.13%
HABITAT.SNAdministradora de Fondos de Pensiones Habitat S.A.7.17%$110.0070.97%
ITUB3.SAItaú Unibanco Holding S.A.7.17%$2.6064.54%
SAMF.JKPT Saraswanti Anugerah Makmur, Tbk7.17%$22.2285.61%
0HM0.LVGP N.V.7.16%$7.0036.73%
VLS.AXVita Life Sciences Limited7.16%$0.1855.52%
CRBN.ASCorbion N.V.7.15%$1.3455.86%
0586.HKChina Conch Venture Holdings Limited7.14%$0.6929.51%
600011.SSHuaneng Power International, Inc.7.14%$0.5357.39%
IFII.JKPT Indonesia Fibreboard Industry Tbk7.14%$16.0070.24%
UNTR.JKPT United Tractors Tbk7.14%$2,150.1250.66%
4987.TWOGodex International Co., Ltd7.12%$5.1885.38%
2328.HKPICC Property and Casualty Company Limited7.11%$1.1842.87%
CXSE3.SACaixa Seguridade Participações S.A.7.11%$1.1880.41%
PUB.PAPublicis Groupe S.A.7.11%$6.2349.76%
600057.SSXiamen Xiangyu Co., Ltd.7.10%$0.6177.47%
MYPK3.SAIochpe-Maxion S.A.7.09%$0.7051.81%
PRM-R.BKPrima Marine Public Company Limited7.09%$0.4949.90%
601187.SSXiamen Bank Co., Ltd.7.08%$0.5252.74%
014130.KSHanexpress.Co., Ltd7.07%$213.2520.61%
0NY3.LSTEF S.a.7.07%$9.1944.77%