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$54.87 - $85.47$68.99
Multi-Stage$92.21 - $101.16$96.60
Blended Fair Value$82.80
Current Price$22.91
Upside261.40%
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 Rate7.80%7.80%7.80%
Growth Rate-0.44%0.56%1.56%
Fair Value$54.87$68.99$85.47
Upside / Downside139.50%201.14%273.07%

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 Rate7.80%7.80%7.80%
Growth Rate-0.44%0.56%1.56%
Year 1 PV (M)109.29110.39111.49
Year 2 PV (M)114.29116.60118.93
Year 3 PV (M)117.89121.48125.14
Year 4 PV (M)120.27125.17130.23
Year 5 PV (M)121.60127.83134.31
PV of Terminal Value (M)2,683.752,821.272,964.36
Equity Value (M)3,267.093,422.733,584.45
Shares Outstanding (M)35.4335.4335.43
Fair Value$92.21$96.60$101.16
Upside / Downside302.48%321.65%341.57%

High-Yield Dividend Screener

« Prev Page 65 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
603060.SSChina Testing & Certification International Group Co.,Ltd.2.34%$0.1465.87%
603527.SSAnhui Zhongyuan New Materials Co., Ltd.2.34%$0.2660.72%
6239.TNagaoka International Corporation2.34%$33.9030.69%
7277.KLDialog Group Berhad2.34%$0.0478.99%
7708.TWOFamily International Gourmet Co. Ltd.2.34%$2.2440.19%
7947.TFP Corporation2.34%$61.4735.92%
7966.TLINTEC Corporation2.34%$103.3453.86%
ENGI11.SAEnergisa S.A.2.34%$1.1076.21%
IHG.LInterContinental Hotels Group PLC2.34%$3.2837.32%
JR.BKJ.R.W. Utility Public Company Limited2.34%$0.0436.34%
SMRA.JKPT Summarecon Agung Tbk2.34%$8.9915.00%
002056.SZHengdian Group DMEGC Magnetics Co. ,Ltd2.33%$0.4530.92%
002538.SZAnhui Sierte Fertilizer industry Ltd. ,company2.33%$0.1557.55%
0QMR.LBELIMO Holding AG2.33%$17.9969.21%
1322.SRAl Masane Al Kobra Mining Company2.33%$2.0873.41%
300743.SZHangzhou Todaytec Digital Co., Ltd2.33%$0.5271.84%
601566.SSJoeone Co., Ltd.2.33%$0.3150.03%
605319.SSWuxi Zhenhua Auto Parts Co., Ltd.2.33%$0.4937.82%
GIMB.BRGimv N.V.2.33%$1.029.10%
MOSHI.BKMoshi Moshi Retail Corporation Public Company Limited2.33%$0.8143.67%
002939.SZChina Great Wall Securities Co.,Ltd.2.32%$0.2439.54%
004360.KSSebang Co., Ltd2.32%$325.9511.33%
1283.HKAccel Group Holdings Limited2.32%$0.0437.03%
2301.TGakujo Co., Ltd.2.32%$40.6128.97%
4887.TSawai Group Holdings Co., Ltd.2.32%$54.7464.15%
600079.SSHumanwell Healthcare (Group) Co.,Ltd.2.32%$0.4248.02%
600299.SSBluestar Adisseo Company2.32%$0.2146.81%
605158.SSZhejiang Huada New Materials Co., Ltd.2.32%$0.1957.15%
7287.TNippon Seiki Co., Ltd.2.32%$50.6031.92%
7914.TKyodo Printing Co., Ltd.2.32%$36.6727.27%
AZZA3.SAAzzas 2154 S.A.2.32%$0.5915.77%
HUFV-A.STHufvudstaden AB (publ)2.32%$2.8251.40%
002043.SZDeHua TB New Decoration Material Co.,Ltd2.31%$0.3337.20%
1214.SRAl Hassan Ghazi Ibrahim Shaker Company2.31%$0.5034.65%
300832.SZShenzhen New Industries Biomedical Engineering Co., Ltd.2.31%$1.3061.96%
600233.SSYTO Express Group Co.,Ltd.2.31%$0.3832.72%
6277.THosokawa Micron Corporation2.31%$130.2442.63%
6728.TULVAC, Inc.2.31%$163.6955.14%
9251.TAB&Company Co.,Ltd.2.31%$27.8639.35%
9783.TBenesse Holdings, Inc.2.31%$59.9889.83%
ALLEC.PACogelec S.A.2.31%$0.6746.99%
ELIT.JKPT Data Sinergitama Jaya Tbk2.31%$5.0034.02%
LUXF.BKLuxury Real Estate Investment Fund2.31%$0.2114.86%
STEC-R.BKSino-Thai Engineering and Construction Public Company Limited2.31%$0.1595.24%
000513.SZLivzon Pharmaceutical Group Inc.2.30%$0.7932.65%
000959.SZBeijing Shougang Co., Ltd.2.30%$0.1171.65%
002941.SZXinjiang Communications Construction Group Co., Ltd.2.30%$0.3643.85%
2838.TWUnion Bank of Taiwan2.30%$0.4536.18%
2947.TWOZhen Yu Hardware Co., Ltd.2.30%$1.9056.70%
2HRA.DEH&R GmbH & Co. KGaA2.30%$0.1045.84%