Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Flaherty & Crumrine Preferred Income Fund Inc. (PFD)

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

Valuation Snapshot

Stable Growth$21.79 - $31.82$26.64
Multi-Stage$49.07 - $54.02$51.50
Blended Fair Value$39.07
Current Price$11.03
Upside254.19%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-1.36%-3.23%0.690.680.840.840.770.740.790.830.870.88
YoY Growth--1.36%-18.42%-0.96%8.84%4.79%-6.90%-4.05%-5.16%-1.16%-7.93%
Dividend Yield--6.06%6.94%7.37%4.90%4.10%4.54%6.58%5.34%6.55%6.68%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)37.75
(-) Cash Dividends Paid (M)18.32
(=) Cash Retained (M)19.44
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7.554.722.83
Cash Retained (M)19.4419.4419.44
(-) Cash Required (M)-7.55-4.72-2.83
(=) Excess Retained (M)11.8914.7216.61
(/) Shares Outstanding (M)12.8512.8512.85
(=) Excess Retained per Share0.921.151.29
LTM Dividend per Share1.431.431.43
(+) Excess Retained per Share0.921.151.29
(=) Adjusted Dividend2.352.572.72
WACC / Discount Rate7.07%7.07%7.07%
Growth Rate-3.36%-2.36%-1.36%
Fair Value$21.79$26.64$31.82
Upside / Downside97.56%141.48%188.51%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)37.7536.8636.0035.1534.3233.5134.52
Payout Ratio48.51%56.81%65.11%73.41%81.70%90.00%92.50%
Projected Dividends (M)18.3220.9423.4425.8028.0430.1631.93

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.07%7.07%7.07%
Growth Rate-3.36%-2.36%-1.36%
Year 1 PV (M)19.3619.5619.76
Year 2 PV (M)20.0320.4520.87
Year 3 PV (M)20.3821.0221.67
Year 4 PV (M)20.4821.3422.23
Year 5 PV (M)20.3621.4422.56
PV of Terminal Value (M)530.08558.08587.25
Equity Value (M)630.69661.88694.33
Shares Outstanding (M)12.8512.8512.85
Fair Value$49.07$51.50$54.02
Upside / Downside344.89%366.89%389.78%

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%