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Definitive Analysis

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Page: Dividend Discount Model

Nuveen Global High Income Fund

Ticker: JGH | Industry: Asset Management - Income | Sector: Financial Services
$12.85 -0.02 (-0.16%)
As of: 2026-01-23

Master Data Export


Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$78.75 - $202.59$116.77
Multi-Stage DDM$25.21 - $27.56$26.36
Blended Fair Value$71.57
Stock Price$12.43

Dividend History (Last 10 Years)

Metric2024202320222021202020192018201720162015
DPS1.2421.2411.3561.3011.1081.2341.3521.4421.5371.653
YoY %0.12%-8.51%4.23%17.37%-10.17%-8.75%-6.19%-6.18%-7.04%0.00%
Yield9.992%9.980%10.909%10.467%8.918%9.928%10.879%11.598%12.362%13.298%

CAGRValue
5 Year0.13%
10 Year0.00%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth5.50% to 7.50%6.50%
WACC9.00%9.00%
Fair Value$78.75 - $202.59$116.77

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income39.7139.7139.71
(=) Cash Required7.944.962.98
Cash Retained39.7139.7139.71
(-) Cash Required-7.94-4.96-2.98
(=) Excess Retained31.7734.7536.73
(/) Shares Outstanding23,177,39323,177,39323,177,393
(=) Excess Retained per Share1.371.501.58
LTM Dividend per Share1.2421.2421.242
(+) Excess Retained per Share1.371.501.58
(=) Adjusted Dividend2.6132.7412.827

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income39.7142.2945.0447.9751.0854.41
Payout Ratio72.5%25.0%41.0%57.0%73.0%90.0%
Projected Dividends28.7910.5718.4727.3437.2948.96

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV10.0310.1310.22
Year 2 PV15.9216.2316.53
Year 3 PV21.4322.0422.67
Year 4 PV26.5627.5828.63
Year 5 PV31.6933.2234.81
TV PV478.71501.84525.84
Equity Value584.35611.04638.71
Fair Value$25.21$26.36$27.56
Stock Price$12.43$12.43$12.43

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