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

State Street Corporation (STT-PD)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$196.26 - $427.35$281.23
Multi-Stage$160.57 - $175.44$167.87
Blended Fair Value$224.55
Current Price$116.01
Upside93.56%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS2.12%6.72%3.543.323.332.583.053.192.842.632.482.24
YoY Growth--6.49%-0.21%29.26%-15.41%-4.41%12.32%7.81%6.22%10.38%21.52%
Dividend Yield--3.95%4.30%4.40%2.96%3.62%5.98%4.20%2.64%3.11%3.83%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,981.00
(-) Cash Dividends Paid (M)998.00
(=) Cash Retained (M)1,983.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)596.20372.63223.58
Cash Retained (M)1,983.001,983.001,983.00
(-) Cash Required (M)-596.20-372.63-223.58
(=) Excess Retained (M)1,386.801,610.381,759.43
(/) Shares Outstanding (M)291.95291.95291.95
(=) Excess Retained per Share4.755.526.03
LTM Dividend per Share3.423.423.42
(+) Excess Retained per Share4.755.526.03
(=) Adjusted Dividend8.178.939.44
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate4.72%5.72%6.72%
Fair Value$196.26$281.23$427.35
Upside / Downside69.17%142.42%268.37%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,981.003,151.553,331.863,522.493,724.023,937.084,055.20
Payout Ratio33.48%44.78%56.09%67.39%78.70%90.00%92.50%
Projected Dividends (M)998.001,411.361,868.752,373.862,930.653,543.383,751.06

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate4.72%5.72%6.72%
Year 1 PV (M)1,281.641,293.871,306.11
Year 2 PV (M)1,541.011,570.581,600.43
Year 3 PV (M)1,777.611,829.021,881.42
Year 4 PV (M)1,992.842,070.062,149.50
Year 5 PV (M)2,188.032,294.522,405.11
PV of Terminal Value (M)38,096.6839,950.7041,876.22
Equity Value (M)46,877.8149,008.7651,218.79
Shares Outstanding (M)291.95291.95291.95
Fair Value$160.57$167.87$175.44
Upside / Downside38.41%44.70%51.23%

High-Yield Dividend Screener

« Prev Page 19 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
SIGISelective Insurance Group, Inc.1.77%$1.4822.19%
FUSBFirst US Bancshares, Inc.1.76%$0.2526.72%
RRyder System, Inc.1.76%$3.4128.29%
RGAReinsurance Group of America, Incorporated1.75%$3.5527.34%
TFG.ASTetragon Financial Group Limited1.75%$0.303.32%
WFCWells Fargo & Company1.75%$1.6725.46%
HCKTThe Hackett Group, Inc.1.74%$0.3485.97%
LEGLeggett & Platt, Incorporated1.74%$0.1911.94%
RPRXRoyalty Pharma plc1.74%$0.6749.36%
SFBCSound Financial Bancorp, Inc.1.74%$0.7637.96%
SXTSensient Technologies Corporation1.74%$1.6350.00%
MKTXMarketAxess Holdings Inc.1.73%$3.0952.31%
PRGPROG Holdings, Inc.1.73%$0.5112.57%
STELStellar Bancorp, Inc.1.73%$0.5326.88%
UFCSUnited Fire Group, Inc.1.73%$0.6214.63%
AMALAmalgamated Financial Corp.1.72%$0.5516.32%
BKThe Bank of New York Mellon Corporation1.72%$2.0127.06%
COWNCowen Inc.1.72%$0.6733.32%
DGDollar General Corporation1.72%$2.3540.66%
AMKRAmkor Technology, Inc.1.71%$0.7359.04%
DTFDTF Tax-Free Income 2028 Term Fund Inc.1.71%$0.2080.42%
ERIEErie Indemnity Company1.71%$4.7538.59%
FLXSFlexsteel Industries, Inc.1.71%$0.6817.01%
MTCHMatch Group, Inc.1.71%$0.5425.07%
LBRTLiberty Energy Inc.1.70%$0.3228.43%
OVBCOhio Valley Banc Corp.1.70%$0.6728.36%
WTFCWintrust Financial Corporation1.70%$2.4320.92%
BANFBancFirst Corporation1.69%$1.8025.72%
BDLFlanigan's Enterprises, Inc.1.69%$0.5021.50%
CDHAXCalvert International Responsible Idx A1.69%$0.6441.92%
CINRSisecam Resources LP1.69%$0.3419.21%
EXPOExponent, Inc.1.69%$1.1858.07%
GDGeneral Dynamics Corporation1.69%$5.8037.41%
HQIHireQuest, Inc.1.69%$0.1836.36%
OTFBlue Owl Technology Finance Corp.1.69%$0.249.20%
PHINPHINIA Inc.1.68%$1.0947.78%
PTRSPartners Bancorp1.68%$0.1213.62%
RNGRRanger Energy Services, Inc.1.67%$0.2434.90%
HQHAbrdn Healthcare Investors1.66%$0.316.95%
JILLJ.Jill, Inc.1.66%$0.2310.45%
PSH.ASPershing Square Holdings, Ltd.1.65%$0.856.48%
SKTTanger Inc.1.65%$0.5558.16%
USCBUSCB Financial Holdings, Inc.1.64%$0.3018.70%
BOTJBank of the James Financial Group, Inc.1.62%$0.3026.41%
RSReliance Steel & Aluminum Co.1.62%$4.7834.66%
SCIService Corporation International1.62%$1.2533.57%
SMLPSummit Midstream Partners, LP1.62%$0.596.02%
TKRThe Timken Company1.62%$1.4032.90%
TRINLTrinity Capital Inc. - 7.00% No1.62%$0.4120.50%
CARRCarrier Global Corporation1.61%$0.8618.56%