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 % |
|---|---|---|---|---|
| CL | CL | 2.88% | $2.24 | 62.40% |
| TCBK | TCBK | 2.87% | $1.35 | 37.83% |
| 0U6R.L | 0U6R.L | 2.86% | $3.05 | 31.37% |
| FBMS | FBMS | 2.86% | $0.97 | 39.72% |
| RILYG | RILYG | 2.86% | $0.58 | 56.91% |
| CNS | CNS | 2.85% | $1.81 | 56.91% |
| MRBK | MRBK | 2.85% | $0.49 | 27.85% |
| AMGN | AMGN | 2.84% | $9.31 | 72.03% |
| BKH | BKH | 2.84% | $1.98 | 50.60% |
| GABC | GABC | 2.84% | $1.11 | 40.35% |
| HOMB | HOMB | 2.84% | $0.79 | 34.17% |
| KO | KO | 2.84% | $1.96 | 65.04% |
| SBFG | SBFG | 2.84% | $0.61 | 28.02% |
| TSBK | TSBK | 2.84% | $1.00 | 27.24% |
| CATY | CATY | 2.83% | $1.38 | 31.20% |
| CWT | CWT | 2.83% | $1.22 | 53.25% |
| EBIX | EBIX | 2.83% | $0.08 | 46.85% |
| CMS-PB | CMS-PB | 2.82% | $2.17 | 62.27% |
| EPRT | EPRT | 2.82% | $0.85 | 70.58% |
| GPK | GPK | 2.82% | $0.43 | 24.85% |
| VALSX | VALSX | 2.82% | $0.87 | 56.29% |
| CCNE | CCNE | 2.81% | $0.72 | 35.05% |
| ORRF | ORRF | 2.81% | $0.98 | 26.05% |
| TXNM | TXNM | 2.80% | $1.65 | 86.75% |
| STC | STC | 2.79% | $1.95 | 54.56% |
| CVLY | CVLY | 2.77% | $0.67 | 28.98% |
| KKRS | KKRS | 2.77% | $0.49 | 7.61% |
| SHBI | SHBI | 2.77% | $0.48 | 28.28% |
| HNNA | HNNA | 2.76% | $0.27 | 21.11% |
| HONE | HONE | 2.76% | $0.33 | 51.05% |
| KMT | KMT | 2.76% | $0.80 | 65.12% |
| PNM | PNM | 2.76% | $1.12 | 57.65% |
| HWC | HWC | 2.75% | $1.77 | 31.35% |
| YOU | YOU | 2.75% | $0.95 | 50.89% |
| 0HE2.L | 0HE2.L | 2.74% | $2.78 | 53.51% |
| MTDR | MTDR | 2.74% | $1.19 | 18.96% |
| OFG | OFG | 2.74% | $1.12 | 25.13% |
| VLO | VLO | 2.74% | $4.53 | 93.65% |
| YORW | YORW | 2.73% | $0.87 | 62.37% |
| CCZ | CCZ | 2.72% | $1.63 | 26.92% |
| K | K | 2.72% | $2.27 | 62.18% |
| ADT | ADT | 2.71% | $0.22 | 29.95% |
| AVT | AVT | 2.71% | $1.34 | 48.46% |
| BKU | BKU | 2.71% | $1.21 | 34.19% |
| CNOB | CNOB | 2.71% | $0.71 | 48.64% |
| GBX | GBX | 2.71% | $1.28 | 19.40% |
| PBHC | PBHC | 2.71% | $0.38 | 26.39% |
| TRIN | TRIN | 2.71% | $0.41 | 20.50% |
| RILYN | RILYN | 2.70% | $0.58 | 56.91% |
| 0L5A.L | 0L5A.L | 2.69% | $2.41 | 72.79% |