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 % |
|---|---|---|---|---|
| HBCP | HBCP | 1.92% | $1.10 | 19.54% |
| SLM | SLM | 1.92% | $0.53 | 17.47% |
| UVE | UVE | 1.92% | $0.61 | 14.30% |
| WAL | WAL | 1.92% | $1.64 | 20.05% |
| 0JZ1.L | 0JZ1.L | 1.91% | $1.23 | 31.44% |
| 0L8B.L | 0L8B.L | 1.91% | $2.80 | 60.30% |
| BKR | BKR | 1.91% | $0.90 | 30.82% |
| BPAC | BPAC | 1.91% | $0.20 | 36.09% |
| ELV | ELV | 1.91% | $6.75 | 27.56% |
| NGVC | NGVC | 1.91% | $0.47 | 23.70% |
| SYBT | SYBT | 1.91% | $1.25 | 27.22% |
| 0JVQ.L | 0JVQ.L | 1.90% | $4.67 | 38.55% |
| ATERX | ATERX | 1.90% | $2.84 | 36.57% |
| BLL | BLL | 1.90% | $1.32 | 9.47% |
| EAI | EAI | 1.90% | $0.40 | 9.71% |
| MMC | MMC | 1.90% | $3.47 | 41.48% |
| THO | THO | 1.90% | $2.00 | 37.63% |
| TRGP | TRGP | 1.90% | $3.55 | 46.50% |
| TTC | TTC | 1.90% | $1.52 | 45.26% |
| 0K8M.L | 0K8M.L | 1.89% | $5.42 | 41.12% |
| FDX | FDX | 1.89% | $5.54 | 32.63% |
| ALL | ALL | 1.87% | $3.81 | 12.13% |
| BERY | BERY | 1.87% | $1.26 | 24.23% |
| NHC | NHC | 1.87% | $2.44 | 37.72% |
| PRDO | PRDO | 1.87% | $0.54 | 23.03% |
| ABT | ABT | 1.86% | $2.31 | 28.93% |
| TNET | TNET | 1.86% | $1.06 | 38.35% |
| BTMD | BTMD | 1.85% | $0.05 | 5.82% |
| WDFC | WDFC | 1.85% | $3.65 | 54.36% |
| AMTB | AMTB | 1.84% | $0.36 | 22.80% |
| BNH | BNH | 1.84% | $0.30 | 70.51% |
| MGRC | MGRC | 1.84% | $1.93 | 32.75% |
| NATI | NATI | 1.84% | $1.10 | 82.38% |
| OTIS | OTIS | 1.84% | $1.63 | 47.44% |
| WS | WS | 1.84% | $0.65 | 26.98% |
| KBH | KBH | 1.83% | $1.05 | 13.68% |
| WRB | WRB | 1.83% | $1.27 | 26.69% |
| PIPR | PIPR | 1.82% | $6.36 | 47.91% |
| SFBS | SFBS | 1.82% | $1.30 | 27.90% |
| YUM | YUM | 1.82% | $2.73 | 54.40% |
| LVS | LVS | 1.81% | $1.18 | 51.99% |
| HNVR | HNVR | 1.80% | $0.41 | 26.32% |
| TSCO | TSCO | 1.79% | $0.91 | 43.76% |
| CLI | CLI | 1.78% | $0.33 | 21.71% |
| RRR | RRR | 1.78% | $1.12 | 60.48% |
| SBR | SBR | 1.78% | $1.25 | 23.02% |
| TMUS | TMUS | 1.78% | $3.55 | 33.70% |
| BWFG | BWFG | 1.77% | $0.80 | 21.59% |
| DGX | DGX | 1.77% | $3.07 | 35.81% |
| JPM | JPM | 1.77% | $5.75 | 27.69% |