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 | $259.51 | |
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 | 0.40% | 0.38% | 0.37% | 0.35% | 0.33% | 0.31% | 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 % |
|---|---|---|---|---|
| SAH | SAH | 2.13% | $1.31 | 35.28% |
| AIG-PA | AIG-PA | 2.12% | $1.69 | 30.01% |
| LANC | LANC | 2.11% | $3.82 | 61.80% |
| TDAC | TDAC | 2.10% | $0.22 | 79.86% |
| FAST | FAST | 2.09% | $0.85 | 79.50% |
| FDUS | FDUS | 2.09% | $0.41 | 17.86% |
| IBOC | IBOC | 2.09% | $1.40 | 20.70% |
| SMRSX | SMRSX | 2.09% | $0.22 | 98.81% |
| SSSS | SSSS | 2.09% | $0.20 | 8.46% |
| MLR | MLR | 2.08% | $0.78 | 30.00% |
| OACC | OACC | 2.08% | $0.22 | 61.74% |
| FCCO | FCCO | 2.07% | $0.60 | 25.08% |
| GNTX | GNTX | 2.07% | $0.49 | 28.42% |
| OACCU | OACCU | 2.07% | $0.22 | 61.74% |
| DLB | DLB | 2.06% | $1.31 | 49.64% |
| APOG | APOG | 2.05% | $0.77 | 37.24% |
| CAKE | CAKE | 2.05% | $1.08 | 32.74% |
| EWBC | EWBC | 2.05% | $2.36 | 25.97% |
| ALF | ALF | 2.04% | $0.22 | 51.38% |
| ATO | ATO | 2.04% | $3.45 | 46.19% |
| OVLY | OVLY | 2.04% | $0.61 | 29.73% |
| 0HYE.L | 0HYE.L | 2.03% | $3.28 | 24.36% |
| AOS | AOS | 2.03% | $1.39 | 36.68% |
| ACT | ACT | 2.02% | $0.80 | 18.03% |
| ARKO | ARKO | 2.02% | $0.09 | 55.86% |
| KFY | KFY | 2.02% | $1.34 | 26.97% |
| 0H68.L | 0H68.L | 2.01% | $2.20 | 28.14% |
| LEN | LEN | 2.01% | $2.10 | 25.46% |
| AVY | AVY | 2.00% | $3.66 | 41.17% |
| RHLD | RHLD | 2.00% | $3.74 | 22.61% |
| ALFUU | ALFUU | 1.99% | $0.22 | 51.38% |
| GNTY | GNTY | 1.99% | $0.97 | 30.69% |
| NC | NC | 1.99% | $0.95 | 24.54% |
| QCOM | QCOM | 1.99% | $3.44 | 68.67% |
| THG | THG | 1.98% | $3.55 | 20.46% |
| CNMD | CNMD | 1.97% | $0.80 | 38.60% |
| FBIN | FBIN | 1.97% | $1.00 | 36.69% |
| FEIM | FEIM | 1.97% | $1.00 | 46.25% |
| RPM | RPM | 1.97% | $2.04 | 37.93% |
| BNJ | BNJ | 1.96% | $0.30 | 70.51% |
| MTG | MTG | 1.96% | $0.57 | 17.51% |
| CCS | CCS | 1.95% | $1.15 | 16.06% |
| 0K6F.L | 0K6F.L | 1.94% | $2.07 | 35.51% |
| BLK | BLK | 1.94% | $21.00 | 53.94% |
| FNB-PE | FNB-PE | 1.94% | $0.48 | 34.55% |
| 0L4F.L | 0L4F.L | 1.93% | $0.80 | 30.13% |
| AEO | AEO | 1.93% | $0.51 | 42.14% |
| SLGN | SLGN | 1.93% | $0.80 | 26.98% |
| FSFG | FSFG | 1.92% | $0.61 | 23.93% |
| GEN | GEN | 1.92% | $0.50 | 54.91% |