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Definitive Analysis

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Page: Dividend Discount Model

The Gabelli Equity Trust Inc.

Ticker: GAB | Industry: Asset Management | Sector: Financial Services
$6.14 -0.02 (-0.32%)
As of: 2026-01-15

Master Data Export


Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$2.47 - $2.89$2.69
Multi-Stage DDM$1.89 - $2.12$2.00
Blended Fair Value$2.35
Stock Price$6.03

Dividend History (Last 10 Years)

Metric2024202320222021202020192018201720162015
DPS0.5940.4950.5040.5130.0000.0000.0000.0000.0000.000
YoY %19.99%-1.85%-1.77%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Yield9.848%8.207%8.361%8.512%0.000%0.000%0.000%0.000%0.000%0.000%

CAGRValue
5 Year0.00%
10 Year0.00%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth-24.46% to -22.46%-23.46%
WACC9.70%9.70%
Fair Value$2.47 - $2.89$2.69

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income201.26201.26201.26
(=) Cash Required40.2525.1615.09
Cash Retained201.26201.26201.26
(-) Cash Required-40.25-25.16-15.09
(=) Excess Retained161.01176.11186.17
(/) Shares Outstanding307,244,668307,244,668307,244,668
(=) Excess Retained per Share0.520.570.61
LTM Dividend per Share0.5940.5940.594
(+) Excess Retained per Share0.520.570.61
(=) Adjusted Dividend1.1181.1671.200

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income201.26154.04117.9090.2469.0752.86
Payout Ratio90.7%25.0%41.0%57.0%73.0%90.0%
Projected Dividends182.4538.5148.3451.4450.4247.58

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV36.2936.7737.25
Year 2 PV40.9842.0743.18
Year 3 PV39.2340.8142.43
Year 4 PV34.6036.4738.41
Year 5 PV29.3731.3733.47
TV PV399.49426.64455.25
Equity Value579.97614.14650.00
Fair Value$1.89$2.00$2.12
Stock Price$6.03$6.03$6.03

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