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 % |
|---|---|---|---|---|
| UVSP | UVSP | 2.69% | $0.87 | 28.95% |
| VBTX | VBTX | 2.69% | $0.81 | 38.53% |
| CBT | CBT | 2.68% | $1.80 | 29.00% |
| PKOH | PKOH | 2.68% | $0.56 | 33.19% |
| WINA | WINA | 2.68% | $10.76 | 96.24% |
| CHCO | CHCO | 2.67% | $3.20 | 36.27% |
| IDA | IDA | 2.67% | $3.40 | 58.98% |
| LFVN | LFVN | 2.67% | $0.16 | 18.67% |
| MMM | MMM | 2.67% | $4.31 | 68.77% |
| MSEX | MSEX | 2.67% | $1.34 | 56.69% |
| ONB | ONB | 2.67% | $0.60 | 35.48% |
| 0HQU.L | 0HQU.L | 2.66% | $2.07 | 24.22% |
| MGY | MGY | 2.66% | $0.60 | 32.28% |
| PEBK | PEBK | 2.66% | $0.95 | 30.99% |
| GSBC | GSBC | 2.65% | $1.63 | 26.64% |
| HD | HD | 2.65% | $9.15 | 62.39% |
| MVBF | MVBF | 2.65% | $0.68 | 27.31% |
| PPG | PPG | 2.65% | $2.76 | 62.85% |
| TWMIX | TWMIX | 2.64% | $0.40 | 76.80% |
| 0M2A.L | 0M2A.L | 2.63% | $0.35 | 53.29% |
| ALLY | ALLY | 2.63% | $1.20 | 59.56% |
| FRAF | FRAF | 2.63% | $1.28 | 36.88% |
| LEA | LEA | 2.63% | $3.12 | 37.81% |
| VHI | VHI | 2.63% | $0.32 | 49.46% |
| FHI | FHI | 2.62% | $1.37 | 27.23% |
| MKC | MKC | 2.62% | $1.76 | 61.04% |
| SLB | SLB | 2.62% | $1.05 | 42.94% |
| BAH | BAH | 2.61% | $2.22 | 33.15% |
| GILD | GILD | 2.61% | $3.18 | 49.10% |
| AWR | AWR | 2.60% | $1.88 | 55.89% |
| CBAN | CBAN | 2.59% | $0.46 | 28.75% |
| MDU | MDU | 2.59% | $0.51 | 62.41% |
| PLBC | PLBC | 2.59% | $1.14 | 27.38% |
| CRD-A | CRD-A | 2.58% | $0.28 | 43.18% |
| WBS | WBS | 2.57% | $1.64 | 29.21% |
| FANG | FANG | 2.56% | $3.90 | 26.98% |
| JEF | JEF | 2.56% | $1.63 | 49.77% |
| UNH | UNH | 2.56% | $8.60 | 44.61% |
| DOX | DOX | 2.55% | $2.04 | 39.68% |
| DVN | DVN | 2.55% | $0.96 | 22.55% |
| TGNA | TGNA | 2.55% | $0.49 | 23.26% |
| CFFI | CFFI | 2.54% | $1.80 | 22.24% |
| MTH | MTH | 2.54% | $1.68 | 21.92% |
| DTM | DTM | 2.52% | $3.04 | 77.42% |
| LEVI | LEVI | 2.52% | $0.52 | 34.78% |
| NFG | NFG | 2.52% | $2.07 | 36.34% |
| AMNB | AMNB | 2.51% | $1.20 | 48.76% |
| HIMYX | HIMYX | 2.51% | $0.14 | 81.31% |
| ACNB | ACNB | 2.50% | $1.18 | 37.66% |
| FMBH | FMBH | 2.50% | $0.96 | 26.52% |