Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

Pioneer High Income Fund, Inc. (PHT)

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

Valuation Snapshot

Stable Growth$9.57 - $13.03$11.33
Multi-Stage$19.07 - $20.95$19.99
Blended Fair Value$15.66
Current Price$7.74
Upside102.32%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-3.94%-8.33%0.660.720.780.830.830.810.780.780.921.33
YoY Growth---8.33%-7.99%-5.58%-0.37%3.09%3.18%0.64%-15.97%-30.21%-15.87%
Dividend Yield--8.53%9.40%11.80%10.21%8.88%12.57%8.66%8.35%9.37%13.20%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)56.12
(-) Cash Dividends Paid (M)34.77
(=) Cash Retained (M)21.35
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)11.227.024.21
Cash Retained (M)21.3521.3521.35
(-) Cash Required (M)-11.22-7.02-4.21
(=) Excess Retained (M)10.1314.3417.14
(/) Shares Outstanding (M)29.3429.3429.34
(=) Excess Retained per Share0.350.490.58
LTM Dividend per Share1.191.191.19
(+) Excess Retained per Share0.350.490.58
(=) Adjusted Dividend1.531.671.77
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-5.94%-4.94%-3.94%
Fair Value$9.57$11.33$13.03
Upside / Downside23.64%46.40%68.39%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)56.1253.3550.7148.2145.8243.5644.87
Payout Ratio61.96%67.56%73.17%78.78%84.39%90.00%92.50%
Projected Dividends (M)34.7736.0437.1137.9838.6739.2041.50

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-5.94%-4.94%-3.94%
Year 1 PV (M)32.6933.0433.39
Year 2 PV (M)30.5231.1831.84
Year 3 PV (M)28.3329.2530.18
Year 4 PV (M)26.1727.3028.46
Year 5 PV (M)24.0625.3726.73
PV of Terminal Value (M)417.66440.34464.00
Equity Value (M)559.44586.47614.59
Shares Outstanding (M)29.3429.3429.34
Fair Value$19.07$19.99$20.95
Upside / Downside146.33%158.24%170.62%

High-Yield Dividend Screener

« Prev Page 39 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
002450.KSSAMICK MUSICAL INSTRUMENT Co., Ltd4.08%$49.7918.17%
003380.KQHarim Holdings Co., Ltd.4.08%$447.0736.82%
2798.HKPerennial Energy Holdings Limited4.08%$0.059.52%
N2IU.SIMapletree Pan Asia Commercial Trust4.08%$0.0645.97%
WIPRO.BOWipro Limited4.08%$10.9885.26%
000421.SZNanjing Public Utilities Development Co., Ltd.4.07%$0.2891.69%
003030.KSSeAH Steel Holdings Corporation4.07%$5,154.5338.17%
2154.TOpen Up Group Inc.4.07%$75.0151.97%
6411.TWOAmazing Microelectronic Corp.4.07%$3.1585.74%
KINO.JKPT Kino Indonesia Tbk4.06%$56.1756.49%
WIIM.JKPT Wismilak Inti Makmur Tbk4.06%$64.8035.76%
134380.KSMiwon Chemicals Co., Ltd.4.05%$3,833.4233.65%
2912.TWPresident Chain Store Corporation4.05%$8.9883.72%
5438.TWOTeco Image Systems Co., Ltd.4.05%$0.9378.68%
IG.MIItalgas S.p.A.4.05%$0.3936.35%
TWR.AXTower Limited4.05%$0.0719.30%
002215.SZShenzhen Noposion Agrochemicals Co.,Ltd4.04%$0.4361.18%
1603.TWChina Wire & Cable Co., Ltd.4.04%$1.5040.87%
601567.SSNingbo Sanxing Medical Electric Co.,Ltd.4.04%$0.9365.61%
6846.TWOGreenyn Biotechnology Co., Ltd4.04%$2.9867.75%
ASEFA.BKAsefa Public Company Limited4.04%$0.1436.27%
JLG.AXJohns Lyng Group Limited4.04%$0.1653.65%
004910.KSChokwang Paint Co., Ltd.4.03%$200.1355.11%
JTPE.JKPT Jasuindo Tiga Perkasa Tbk4.03%$24.0060.60%
MTDL.JKPT Metrodata Electronics Tbk4.03%$24.0039.08%
SPINNEYS.AESpinneys 1961 Hold4.03%$0.0666.84%
605077.SSZhejiang Huakang Pharmaceutical Co., Ltd.4.02%$0.5970.96%
6190.HKBank of Jiujiang Co., Ltd.4.02%$0.079.94%
THANI.BKRatchthani Leasing Public Company Limited4.02%$0.0745.63%
010770.KSPyung Hwa Holdings Co., Ltd.4.01%$149.9011.24%
0RPP.LValartis Group AG4.01%$0.499.63%
301004.SZZhejiang Cayi Vacuum Container Co., Ltd.4.01%$2.0954.91%
4968.TArakawa Chemical Industries, Ltd.4.01%$48.9456.00%
FESA3.SACia de Ferro Ligas da Bahia - FERBASA4.01%$0.4676.61%
HBOR3.SAHelbor Empreendimentos S.A.4.01%$0.1032.33%
089860.KSLOTTE rental co.,ltd.4.00%$1,199.9835.09%
0OJJ.LACTIA Group S.A.4.00%$0.1233.82%
2128.HKChina Lesso Group Holdings Limited4.00%$0.1915.85%
3338.TWTaiSol Electronics Co., Ltd.4.00%$2.0185.10%
AIL.DEL'Air Liquide S.A.4.00%$6.3556.81%
CUBLionheart Holdings4.00%$0.4393.60%
DHL.DEDeutsche Post AG4.00%$1.8860.01%
FCMC.PASociété Fermière du Casino Municipal de Cannes4.00%$85.5728.90%
009160.KSSIMPAC Inc.3.99%$202.3392.46%
033780.KSKT&G Corporation3.99%$5,606.0952.73%
603309.SSWell Lead Medical Co., Ltd.3.99%$0.5464.79%
6761.TWOWendell Industrial Co., Ltd3.99%$5.6281.14%
MULT3.SAMultiplan Empreendimentos Imobiliários S.A.3.99%$1.0842.74%
300641.SZJiangsu Zhengdan Chemical Industry Co., Ltd.3.98%$0.7035.38%
5126.KLSarawak Oil Palms Berhad3.98%$0.1529.34%