Dividend Discount Models Snapshot
| Model | Range | Selected |
|---|---|---|
| Stable Growth DDM | $133.25 - $243.43 | $178.02 |
| Multi-Stage DDM | $100.63 - $110.15 | $105.30 |
| Blended Fair Value | $141.66 | |
| Stock Price | $263.70 | |
Dividend History (Last 10 Years)
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 1.028 | 0.989 | 0.950 | 0.909 | 0.858 | 0.803 | 0.759 | 0.686 | 0.608 | 0.552 |
| YoY % | 3.95% | 4.05% | 4.53% | 5.97% | 6.78% | 5.80% | 10.75% | 12.79% | 10.07% | 10.69% |
| Yield | 0.39% | 0.37% | 0.36% | 0.34% | 0.33% | 0.30% | 0.29% | 0.26% | 0.23% | 0.21% |
| CAGR | Value |
|---|---|
| 5 Year | 5.05% |
| 10 Year | 7.49% |
Discounted Dividend Model - Stable Growth
| Metric | Range | Selected |
|---|---|---|
| LT Growth | 3.56% to 5.56% | 4.56% |
| WACC | 9.00% | 9.00% |
| Fair Value | $133.25 - $243.43 | $178.02 |
Calculation Details (Millions)
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (*) Adjusted Net Income | 112,010.00 | 112,010.00 | 112,010.00 |
| (=) Cash Required | 22,402.00 | 14,001.25 | 8,400.75 |
| (=) Excess Retained per Share | 5.97 | 6.53 | 6.91 |
| LTM Dividend per Share | 1.028 | 1.028 | 1.028 |
| (=) Adjusted Dividend | 7.000 | 7.560 | 7.933 |
Multi-Stage Projections (BASE Case - Millions)
| Metric | TTM | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|---|
| Net Income | 112,010.00 | 117,117.64 | 122,458.18 | 128,042.25 | 133,880.96 | 139,985.90 |
| Projected Dividends | 15,421.00 | 29,279.41 | 50,207.85 | 72,984.08 | 97,733.10 | 125,987.31 |
Multi-Stage Valuation (Millions)
| Present Values | LOW | BASE | HIGH |
|---|---|---|---|
| Year 1 PV | 27,776.37 | 28,044.59 | 28,312.80 |
| Year 2 PV | 43,279.76 | 44,119.63 | 44,967.58 |
| Year 3 PV | 57,166.46 | 58,838.54 | 60,542.92 |
| Year 4 PV | 69,559.23 | 72,285.12 | 75,090.35 |
| Year 5 PV | 81,477.91 | 85,488.48 | 89,655.43 |
| TV PV | 1,230,657.40 | 1,291,233.65 | 1,354,172.13 |
| Equity Value | 1,509,917.14 | 1,580,010.01 | 1,652,741.22 |
| Fair Value | $100.63 | $105.30 | $110.15 |
Top Dividend Stocks
| Ticker | Company Name | Yield % | DPS | Payout % |
|---|---|---|---|---|
| ESP | ESP | 3.53% | $1.65 | 54.01% |
| F-PC | F-PC | 3.53% | $0.74 | 63.45% |
| TECTP | TECTP | 3.53% | $0.38 | 79.28% |
| AMFCX | AMFCX | 3.52% | $2.06 | 90.87% |
| CRC | CRC | 3.52% | $1.64 | 35.94% |
| FAF | FAF | 3.51% | $2.14 | 46.13% |
| GIC | GIC | 3.51% | $1.03 | 58.36% |
| 0R0G.L | 0R0G.L | 3.50% | $1.89 | 69.92% |
| DCP | DCP | 3.50% | $1.46 | 34.00% |
| LW | LW | 3.50% | $1.48 | 70.35% |
| WSO | WSO | 3.50% | $12.16 | 83.88% |
| 0QYY.L | 0QYY.L | 3.49% | $0.72 | 17.57% |
| LKFN | LKFN | 3.49% | $1.97 | 52.13% |
| TRST | TRST | 3.49% | $1.44 | 48.14% |
| OMC | OMC | 3.47% | $2.83 | 41.26% |
| PROV | PROV | 3.47% | $0.55 | 61.73% |
| UTL | UTL | 3.47% | $1.70 | 61.75% |
| BF-A | BF-A | 3.45% | $0.91 | 52.84% |
| COFS | COFS | 3.45% | $1.00 | 70.38% |
| FCBP | FCBP | 3.45% | $1.00 | 34.34% |
| NXST | NXST | 3.45% | $7.20 | 42.75% |
| STBA | STBA | 3.45% | $1.35 | 29.75% |
| VABK | VABK | 3.45% | $1.37 | 55.94% |
| F-PB | F-PB | 3.44% | $0.74 | 63.45% |
| 0K3B.L | 0K3B.L | 3.43% | $0.87 | 22.53% |
| CPF | CPF | 3.43% | $1.07 | 43.87% |
| CTBI | CTBI | 3.43% | $1.93 | 37.41% |
| IIIN | IIIN | 3.43% | $1.11 | 53.05% |
| JJSF | JJSF | 3.43% | $3.11 | 92.62% |
| TMP | TMP | 3.43% | $2.49 | 42.22% |
| ALRS | ALRS | 3.41% | $0.77 | 39.09% |
| CNXC | CNXC | 3.41% | $1.40 | 28.16% |
| FBP | FBP | 3.41% | $0.71 | 34.06% |
| GLO | GLO | 3.41% | $0.19 | 15.90% |
| OPBK | OPBK | 3.41% | $0.48 | 30.19% |
| PHX | PHX | 3.39% | $0.15 | 81.44% |
| WHG | WHG | 3.39% | $0.60 | 73.76% |
| SCVL | SCVL | 3.38% | $0.59 | 28.17% |
| OGS | OGS | 3.37% | $2.61 | 61.93% |
| VALU | VALU | 3.36% | $1.25 | 55.36% |
| WTRG | WTRG | 3.36% | $1.30 | 54.79% |
| AVNT | AVNT | 3.35% | $1.06 | 86.14% |
| KTB | KTB | 3.35% | $2.06 | 53.00% |
| VCTR | VCTR | 3.35% | $2.15 | 48.89% |
| WAFD | WAFD | 3.35% | $1.08 | 37.44% |
| PB | PB | 3.34% | $2.32 | 41.44% |
| PFG | PFG | 3.34% | $2.99 | 43.04% |
| EVBN | EVBN | 3.33% | $1.31 | 60.97% |
| NFYS | NFYS | 3.33% | $0.37 | 68.70% |
| KMPR | KMPR | 3.32% | $1.31 | 32.45% |