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Definitive Analysis

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Page: Dividend Discount Model

Cohen & Steers Quality Income Realty Fund, Inc.

Ticker: RQI | Industry: Asset Management - Income | Sector: Financial Services
$12.11 +0.05 (0.41%)
As of: 2026-01-15

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Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$16.18 - $22.09$18.89
Multi-Stage DDM$8.23 - $9.04$8.63
Blended Fair Value$13.76
Stock Price$11.36

Dividend History (Last 10 Years)

Metric2024202320222021202020192018201720162015
DPS0.9691.1890.9490.9600.6680.9480.9570.9600.9680.960
YoY %-18.50%25.24%-1.16%43.73%-29.55%-0.90%-0.29%-0.85%0.83%26.49%
Yield8.529%10.464%8.355%8.453%5.881%8.348%8.424%8.448%8.521%8.451%

CAGRValue
5 Year0.43%
10 Year2.47%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth-0.59% to 1.41%0.41%
WACC9.00%9.00%
Fair Value$16.18 - $22.09$18.89

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income98.6198.6198.61
(=) Cash Required19.7212.337.40
Cash Retained98.6198.6198.61
(-) Cash Required-19.72-12.33-7.40
(=) Excess Retained78.8986.2991.22
(/) Shares Outstanding133,240,293133,240,293133,240,293
(=) Excess Retained per Share0.590.650.68
LTM Dividend per Share0.9690.9690.969
(+) Excess Retained per Share0.590.650.68
(=) Adjusted Dividend1.5611.6161.653

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income98.6199.0299.4299.83100.24100.65
Payout Ratio130.9%25.0%41.0%57.0%73.0%90.0%
Projected Dividends129.0924.7540.7656.9073.1890.59

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV23.4723.7123.95
Year 2 PV35.1135.8236.54
Year 3 PV44.5245.8747.26
Year 4 PV52.0054.1256.31
Year 5 PV58.4761.4764.59
TV PV883.09928.41975.57
Equity Value1,096.661,149.401,204.21
Fair Value$8.23$8.63$9.04
Stock Price$11.36$11.36$11.36

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