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 % |
|---|---|---|---|---|
| SO | SO | 3.09% | $2.69 | 67.01% |
| CFR | CFR | 3.08% | $3.94 | 39.68% |
| CMS | CMS | 3.08% | $2.17 | 62.27% |
| SJW | SJW | 3.08% | $1.60 | 52.08% |
| SNV | SNV | 3.08% | $1.54 | 27.05% |
| 0HCT.L | 0HCT.L | 3.07% | $1.99 | 62.84% |
| 0M3L.L | 0M3L.L | 3.07% | $1.79 | 31.01% |
| IVZ | IVZ | 3.07% | $0.83 | 35.83% |
| SWX | SWX | 3.07% | $2.46 | 38.44% |
| PEG | PEG | 3.06% | $2.48 | 59.65% |
| CASS | CASS | 3.05% | $1.24 | 52.58% |
| CIVB | CIVB | 3.05% | $0.67 | 25.26% |
| TXN | TXN | 3.05% | $5.41 | 98.14% |
| CTRE | CTRE | 3.04% | $1.10 | 89.62% |
| UCB | UCB | 3.04% | $0.95 | 36.76% |
| DRI | DRI | 3.03% | $5.68 | 60.69% |
| HMN | HMN | 3.02% | $1.36 | 34.55% |
| VG | VG | 3.02% | $0.21 | 24.09% |
| HFBL | HFBL | 3.01% | $0.54 | 35.96% |
| TOWN | TOWN | 3.01% | $1.00 | 45.24% |
| GBCI | GBCI | 3.00% | $1.34 | 64.06% |
| MBWM | MBWM | 3.00% | $1.43 | 27.14% |
| PPL | PPL | 3.00% | $1.05 | 71.70% |
| DTSQ | DTSQ | 2.99% | $0.32 | 87.02% |
| EBMT | EBMT | 2.99% | $0.58 | 33.76% |
| INDB | INDB | 2.99% | $2.19 | 35.86% |
| ESSA | ESSA | 2.98% | $0.61 | 39.75% |
| RDN | RDN | 2.98% | $1.07 | 25.60% |
| 0K0X.L | 0K0X.L | 2.96% | $2.36 | 41.08% |
| CUBB | CUBB | 2.96% | $0.66 | 12.54% |
| HBB | HBB | 2.96% | $0.47 | 20.02% |
| SD | SD | 2.96% | $0.44 | 24.38% |
| STRW | STRW | 2.95% | $0.38 | 70.76% |
| INGR | INGR | 2.94% | $3.23 | 32.02% |
| JWN | JWN | 2.94% | $0.73 | 42.03% |
| PKBK | PKBK | 2.94% | $0.71 | 25.08% |
| 0JW2.L | 0JW2.L | 2.93% | $5.91 | 33.38% |
| EIG | EIG | 2.93% | $1.26 | 48.48% |
| MYE | MYE | 2.93% | $0.55 | 73.41% |
| RM | RM | 2.93% | $1.15 | 28.16% |
| HSY | HSY | 2.92% | $5.33 | 79.75% |
| STZ | STZ | 2.92% | $4.12 | 59.24% |
| AROC | AROC | 2.91% | $0.77 | 51.05% |
| JXN | JXN | 2.91% | $3.13 | 38.19% |
| OSPN | OSPN | 2.91% | $0.36 | 23.87% |
| 0LC6.L | 0LC6.L | 2.90% | $2.10 | 55.57% |
| EXE | EXE | 2.89% | $3.17 | 87.89% |
| PG | PG | 2.89% | $4.09 | 59.50% |
| RES | RES | 2.89% | $0.16 | 72.96% |
| 0M1R.L | 0M1R.L | 2.88% | $2.16 | 65.69% |