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Gabelli Dividend Growth AAA (GABBX)

Company Dividend Discount ModelIndustry: Sector:

Valuation Snapshot

Stable Growth$150.03 - $215.93$182.19
Multi-Stage$246.98 - $271.02$258.77
Blended Fair Value$220.48
Current Price$18.15
Upside1,114.76%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%3.954.304.224.040.000.000.000.000.000.00
YoY Growth---8.26%1.93%4.47%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--23.34%24.84%25.94%22.07%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)627.37
(-) Cash Dividends Paid (M)252.32
(=) Cash Retained (M)375.05
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)125.4778.4247.05
Cash Retained (M)375.05375.05375.05
(-) Cash Required (M)-125.47-78.42-47.05
(=) Excess Retained (M)249.58296.63328.00
(/) Shares Outstanding (M)29.5429.5429.54
(=) Excess Retained per Share8.4510.0411.10
LTM Dividend per Share8.548.548.54
(+) Excess Retained per Share8.4510.0411.10
(=) Adjusted Dividend16.9918.5819.65
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-2.00%-1.00%0.00%
Fair Value$150.03$182.19$215.93
Upside / Downside726.63%903.80%1,089.69%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)627.37621.10614.88608.74602.65596.62614.52
Payout Ratio40.22%50.17%60.13%70.09%80.04%90.00%92.50%
Projected Dividends (M)252.32311.63369.74426.65482.38536.96568.43

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)282.76285.65288.53
Year 2 PV (M)304.40310.64316.95
Year 3 PV (M)318.71328.56338.62
Year 4 PV (M)326.95340.51354.47
Year 5 PV (M)330.23347.42365.33
PV of Terminal Value (M)5,732.726,031.246,342.06
Equity Value (M)7,295.777,644.028,005.96
Shares Outstanding (M)29.5429.5429.54
Fair Value$246.98$258.77$271.02
Upside / Downside1,260.77%1,325.73%1,393.23%

High-Yield Dividend Screener

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