DDM Analysis: SMMCX

Valuation Snapshot

Stable Growth	$13.94 - $21.96	$17.61
Multi-Stage	$35.45 - $39.01	$37.19
Blended Fair Value	$27.40
Current Price	$14.42
Upside	90.02%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020
DPS	6.43%	0.00%	0.69	0.48	0.38	0.41	0.45	0.50	0.00	0.00	0.00	0.00
YoY Growth	-	-	44.65%	25.02%	-7.23%	-8.22%	-11.30%	0.00%	0.00%	0.00%	0.00%	0.00%
Dividend Yield	-	-	4.78%	3.22%	2.57%	2.68%	2.66%	3.19%	0.00%	0.00%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	73.38
(-) Cash Dividends Paid (M)	52.58
(=) Cash Retained (M)	20.80

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	14.68	9.17	5.50
Cash Retained (M)	20.80	20.80	20.80
(-) Cash Required (M)	-14.68	-9.17	-5.50
(=) Excess Retained (M)	6.13	11.63	15.30
(/) Shares Outstanding (M)	51.85	51.85	51.85
(=) Excess Retained per Share	0.12	0.22	0.30
LTM Dividend per Share	1.01	1.01	1.01
(+) Excess Retained per Share	0.12	0.22	0.30
(=) Adjusted Dividend	1.13	1.24	1.31
WACC / Discount Rate	5.96%	5.96%	5.96%
Growth Rate	-2.00%	-1.00%	0.00%
Fair Value	$13.94	$17.61	$21.96
Upside / Downside	-3.34%	22.14%	52.30%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	73.38	72.65	71.92	71.20	70.49	69.78	71.88
Payout Ratio	71.65%	75.32%	78.99%	82.66%	86.33%	90.00%	92.50%
Projected Dividends (M)	52.58	54.72	56.81	58.85	60.85	62.80	66.49

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	5.96%	5.96%	5.96%
Growth Rate	-2.00%	-1.00%	0.00%
Year 1 PV (M)	51.12	51.64	52.16
Year 2 PV (M)	49.58	50.60	51.62
Year 3 PV (M)	47.99	49.47	50.98
Year 4 PV (M)	46.35	48.27	50.25
Year 5 PV (M)	44.69	47.02	49.44
PV of Terminal Value (M)	1,598.19	1,681.41	1,768.06
Equity Value (M)	1,837.92	1,928.41	2,022.53
Shares Outstanding (M)	51.85	51.85	51.85
Fair Value	$35.45	$37.19	$39.01
Upside / Downside	145.81%	157.91%	170.50%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 90 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
688267.SS	China Catalyst Holding Co., Ltd.	1.26%	$0.35	34.87%
8848.T	Leopalace21 Corporation	1.26%	$8.31	27.11%
BAUH4.SA	Excelsior Alimentos S.A.	1.26%	$1.17	21.88%
CAST.ST	Castellum AB (publ)	1.26%	$1.33	21.53%
CRH	CRH plc	1.26%	$1.60	33.62%
HBEL.BO	Humming Bird Education Limited	1.26%	$0.30	36.54%
JCI	Johnson Controls International plc	1.26%	$1.54	56.71%
KOG.OL	Kongsberg Gruppen ASA	1.26%	$3.40	42.40%
OEM-B.ST	OEM International AB (publ)	1.26%	$1.74	40.26%
SAREGAMA.BO	Saregama India Limited	1.26%	$4.51	42.77%
SDPC.JK	PT Millennium Pharmacon International Tbk	1.26%	$2.00	15.16%
002448.SZ	ZYNP Corporation	1.25%	$0.16	32.06%
0QLU.L	Basler Kantonalbank	1.25%	$1.11	12.42%
145720.KS	Dentium Co. Ltd.	1.25%	$599.51	9.81%
204320.KS	Mando Corporation	1.25%	$820.37	29.46%
3684.TWO	Grand-Tek Technology Co., Ltd.	1.25%	$0.80	29.94%
5819.KL	Hong Leong Bank Berhad	1.25%	$0.28	13.43%
600633.SS	Zhejiang Daily Digital Culture Group Co.,Ltd.	1.25%	$0.16	35.54%
600850.SS	CETC Digital Technology Co.,Ltd.	1.25%	$0.37	49.83%
603329.SS	Shanghai Ace Investment & Development Co., Ltd.	1.25%	$0.14	79.14%
603920.SS	Olympic Circuit Technology Co., Ltd	1.25%	$0.61	53.40%
6632.T	JVCKENWOOD Corporation	1.25%	$15.03	12.26%
9717.T	JASTEC Co., Ltd.	1.25%	$24.25	22.00%
9719.T	SCSK Corporation	1.25%	$70.95	36.13%
ENTER.AT	Entersoft S.A.	1.25%	$0.10	20.30%
ETN	Eaton Corporation plc	1.25%	$4.08	40.54%
IRFC.BO	Indian Railway Finance Corporation Limited	1.25%	$1.60	30.59%
LVC.WA	LiveChat Software S.A.	1.25%	$1.46	20.71%
ORSTED.CO	Ørsted A/S	1.25%	$1.60	10.19%
000514.SZ	Chongqing Yukaifa Co., Ltd	1.24%	$0.06	55.20%
002346.SZ	Shanghai Zhezhong Group Co.,Ltd	1.24%	$0.25	18.48%
002748.SZ	Jiangxi Selon Industrial Co., Ltd.	1.24%	$0.16	89.09%
1976.T	MEISEI INDUSTRIAL Co.,Ltd.	1.24%	$21.03	12.53%
300763.SZ	Ginlong Technologies Co., Ltd.	1.24%	$0.88	39.17%
600871.SS	Sinopec Oilfield Service Corporation	1.24%	$0.03	81.02%
603585.SS	Suli Co., Ltd.	1.24%	$0.23	35.70%
605116.SS	Aurisco Pharmaceutical Co.,Ltd.	1.24%	$0.31	29.49%
ALWED.PA	Wedia S.A.	1.24%	$0.38	21.38%
MNC.WA	Mennica Polska S.A.	1.24%	$0.60	6.22%
MTHH.CO	MT Højgaard Holding A/S	1.24%	$6.49	19.74%
WALL-B.ST	Wallenstam AB (publ)	1.24%	$0.51	17.40%
WRT1V.HE	Wärtsilä Oyj Abp	1.24%	$0.38	40.46%
041830.KQ	InBody Co.,Ltd	1.23%	$400.00	16.47%
0QHK.L	SeSa S.p.A.	1.23%	$1.12	27.54%
0Y5C.L	Allegion plc	1.23%	$1.99	26.83%
300726.SZ	Zhuzhou Hongda Electronics Corp.,Ltd.	1.23%	$0.63	74.98%
300916.SZ	Shenzhen Longtech Smart Control Co., Ltd.	1.23%	$0.40	42.79%
4148.TW	All Cosmos Bio-Tech Holding Corporation	1.23%	$0.48	23.21%
544.SI	CSE Global Limited	1.23%	$0.01	26.84%
600104.SS	SAIC Motor Corporation Limited	1.23%	$0.19	75.02%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Western Asset Managed Municipals Fund Class C (SMMCX)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener