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Definitive Analysis

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Page: Dividend Discount Model

BlackRock Science and Technology Trust II

Ticker: BSTZ | Industry: Asset Management | Sector: Financial Services
$22.64 +0.11 (0.49%)
As of: 2026-01-23

Master Data Export


Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$218.35 - $445.66$302.10
Multi-Stage DDM$99.28 - $108.44$103.78
Blended Fair Value$202.94
Stock Price$22.29

Dividend History (Last 10 Years)

Metric202420232022202120202019
DPS2.9582.8743.0273.7471.8253.138
YoY %2.92%-5.05%-19.22%105.29%-41.84%0.00%
Yield13.270%12.893%13.578%16.809%8.188%14.077%

CAGRValue
5 Year-1.17%
10 Year0.00%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth5.50% to 7.50%6.50%
WACC9.97%9.97%
Fair Value$218.35 - $445.66$302.10

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income272.28272.28272.28
(=) Cash Required54.4634.0320.42
Cash Retained272.28272.28272.28
(-) Cash Required-54.46-34.03-20.42
(=) Excess Retained217.82238.24251.86
(/) Shares Outstanding34,641,15234,641,15234,641,152
(=) Excess Retained per Share6.296.887.27
LTM Dividend per Share2.9582.9582.958
(+) Excess Retained per Share6.296.887.27
(=) Adjusted Dividend9.2469.83510.228

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income272.28289.98308.83328.90350.28373.05
Payout Ratio37.6%25.0%41.0%57.0%73.0%90.0%
Projected Dividends102.4672.49126.62187.47255.70335.74

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV68.4869.1369.78
Year 2 PV107.75109.80111.87
Year 3 PV143.71147.84152.04
Year 4 PV176.57183.36190.35
Year 5 PV208.85218.94229.41
TV PV2,733.802,865.853,002.94
Equity Value3,439.173,594.913,756.39
Fair Value$99.28$103.78$108.44
Stock Price$22.29$22.29$22.29

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