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 % |
|---|---|---|---|---|
| SMBC | SMBC | 1.61% | $0.94 | 17.19% |
| VIRC | VIRC | 1.61% | $0.10 | 41.34% |
| CNO | CNO | 1.60% | $0.67 | 22.53% |
| IVT | IVT | 1.60% | $0.45 | 29.49% |
| KBR | KBR | 1.60% | $0.65 | 21.84% |
| OBK | OBK | 1.60% | $0.60 | 31.45% |
| TNC | TNC | 1.60% | $1.18 | 39.96% |
| DELL | DELL | 1.59% | $2.03 | 27.33% |
| RVSB | RVSB | 1.59% | $0.08 | 35.84% |
| 0HPW.L | 0HPW.L | 1.58% | $3.49 | 44.54% |
| CCF | CCF | 1.58% | $2.01 | 57.26% |
| MSIF | MSIF | 1.58% | $0.21 | 12.72% |
| PRI | PRI | 1.58% | $4.10 | 18.44% |
| IEX | IEX | 1.57% | $2.82 | 44.28% |
| LHX | LHX | 1.57% | $4.79 | 51.11% |
| MRO | MRO | 1.57% | $0.45 | 19.02% |
| NEU | NEU | 1.57% | $10.82 | 22.69% |
| PSMT | PSMT | 1.57% | $1.93 | 39.29% |
| TFSL | TFSL | 1.57% | $0.21 | 65.45% |
| UFPI | UFPI | 1.57% | $1.44 | 25.79% |
| 0M3Q.L | 0M3Q.L | 1.56% | $1.95 | 32.55% |
| 0K92.L | 0K92.L | 1.55% | $8.80 | 31.43% |
| 0QZ5.L | 0QZ5.L | 1.55% | $1.25 | 28.62% |
| EMR | EMR | 1.55% | $2.11 | 51.98% |
| SYF | SYF | 1.55% | $1.32 | 13.96% |
| TXRH | TXRH | 1.55% | $2.65 | 40.30% |
| 0HQW.L | 0HQW.L | 1.54% | $2.48 | 50.26% |
| 0J76.L | 0J76.L | 1.54% | $5.36 | 37.08% |
| BHE | BHE | 1.54% | $0.68 | 65.62% |
| DPZ | DPZ | 1.54% | $6.54 | 37.90% |
| GRC | GRC | 1.54% | $0.74 | 38.69% |
| DFS | DFS | 1.53% | $3.06 | 16.08% |
| SPFI | SPFI | 1.53% | $0.59 | 16.67% |
| JMSB | JMSB | 1.52% | $0.30 | 29.07% |
| 0J3H.L | 0J3H.L | 1.51% | $2.06 | 16.53% |
| TRV | TRV | 1.51% | $4.29 | 16.63% |
| CISMX | CISMX | 1.50% | $0.19 | 32.74% |
| FCAP | FCAP | 1.50% | $0.88 | 28.53% |
| MGYR | MGYR | 1.50% | $0.26 | 22.66% |
| OBT | OBT | 1.50% | $0.43 | 15.62% |
| OSK | OSK | 1.50% | $1.99 | 19.24% |
| SAIC | SAIC | 1.50% | $1.51 | 19.14% |
| FUL | FUL | 1.49% | $0.90 | 43.28% |
| CBNK | CBNK | 1.48% | $0.41 | 14.04% |
| FRBA | FRBA | 1.48% | $0.24 | 14.40% |
| ANDE | ANDE | 1.47% | $0.78 | 36.39% |
| IROQ | IROQ | 1.47% | $0.40 | 25.40% |
| WM | WM | 1.47% | $3.22 | 50.78% |
| ATR | ATR | 1.45% | $1.78 | 28.44% |
| CHX | CHX | 1.45% | $0.37 | 24.70% |