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Page: Dividend Discount Model

DoubleLine Income Solutions Fund

Ticker: DSL | Industry: Asset Management - Income | Sector: Financial Services
$11.36 +0.06 (0.53%)
As of: 2026-01-15

Master Data Export


Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$10.00 - $12.14$11.07
Multi-Stage DDM$6.92 - $7.66$7.28
Blended Fair Value$9.17
Stock Price$11.26

Dividend History (Last 10 Years)

Metric2025202420232022202120202019201820172016
DPS1.2661.2091.4761.7311.4051.7801.7601.8131.8151.888
YoY %4.71%-18.05%-14.75%23.18%-21.05%1.10%-2.87%-0.14%-3.86%0.00%
Yield11.246%10.740%13.105%15.373%12.480%15.807%15.635%16.097%16.119%16.767%

CAGRValue
5 Year-6.58%
10 Year0.00%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth-9.43% to -7.43%-8.43%
WACC9.00%9.00%
Fair Value$10.00 - $12.14$11.07

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income108.96108.96108.96
(=) Cash Required21.7913.628.17
Cash Retained108.96108.96108.96
(-) Cash Required-21.79-13.62-8.17
(=) Excess Retained87.1795.34100.79
(/) Shares Outstanding113,500,000113,500,000113,500,000
(=) Excess Retained per Share0.770.840.89
LTM Dividend per Share1.2661.2661.266
(+) Excess Retained per Share0.770.840.89
(=) Adjusted Dividend2.0342.1062.154

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income108.9699.7791.3683.6676.6170.15
Payout Ratio131.9%25.0%41.0%57.0%73.0%90.0%
Projected Dividends143.7224.9437.4647.6955.9263.14

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV23.6323.8924.15
Year 2 PV32.2032.9233.64
Year 3 PV37.2038.4439.72
Year 4 PV39.5941.3643.20
Year 5 PV40.5542.8445.23
TV PV612.51647.07683.19
Equity Value785.67826.53869.13
Fair Value$6.92$7.28$7.66
Stock Price$11.26$11.26$11.26

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