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 % |
|---|---|---|---|---|
| HUBB | HUBB | 1.14% | $5.26 | 32.54% |
| MATX | MATX | 1.14% | $1.42 | 10.47% |
| SNX | SNX | 1.14% | $1.74 | 18.66% |
| ARMK | ARMK | 1.13% | $0.42 | 33.95% |
| CVLG | CVLG | 1.13% | $0.25 | 21.30% |
| EQT | EQT | 1.13% | $0.61 | 21.38% |
| WHD | WHD | 1.13% | $0.53 | 21.20% |
| CFBK | CFBK | 1.12% | $0.28 | 10.89% |
| LII | LII | 1.12% | $5.59 | 23.57% |
| ROL | ROL | 1.12% | $0.66 | 61.92% |
| FELE | FELE | 1.11% | $1.07 | 34.36% |
| GOLF | GOLF | 1.11% | $0.91 | 24.93% |
| KOP | KOP | 1.11% | $0.30 | 37.27% |
| MWA | MWA | 1.11% | $0.27 | 21.86% |
| RSG | RSG | 1.11% | $2.33 | 34.47% |
| 0HOU.L | 0HOU.L | 1.10% | $0.50 | 80.60% |
| 0K3H.L | 0K3H.L | 1.10% | $4.20 | 33.55% |
| FBK | FBK | 1.10% | $0.62 | 32.29% |
| AGCO | AGCO | 1.09% | $1.16 | 23.05% |
| VRE | VRE | 1.09% | $0.16 | 26.28% |
| ALSN | ALSN | 1.08% | $1.07 | 12.88% |
| CSV | CSV | 1.08% | $0.45 | 14.21% |
| LFUS | LFUS | 1.08% | $2.83 | 59.57% |
| OSBC | OSBC | 1.08% | $0.21 | 15.92% |
| TPX | TPX | 1.08% | $0.62 | 42.01% |
| WSC | WSC | 1.08% | $0.21 | 17.16% |
| BVH | BVH | 1.07% | $0.80 | 18.69% |
| HNNAZ | HNNAZ | 1.07% | $0.27 | 21.11% |
| HTB | HTB | 1.07% | $0.46 | 12.57% |
| ZBH | ZBH | 1.07% | $0.96 | 23.70% |
| DOV | DOV | 1.05% | $2.06 | 12.63% |
| NDAQ | NDAQ | 1.05% | $1.01 | 36.06% |
| 0H9N.L | 0H9N.L | 1.04% | $1.00 | 23.78% |
| BODY | BODY | 1.04% | $0.10 | 1.61% |
| LYTS | LYTS | 1.04% | $0.19 | 24.09% |
| UNTY | UNTY | 1.04% | $0.53 | 10.03% |
| CTVA | CTVA | 1.03% | $0.70 | 29.41% |
| TJX | TJX | 1.03% | $1.59 | 35.03% |
| ABCB | ABCB | 1.02% | $0.76 | 13.03% |
| CRAI | CRAI | 1.02% | $2.05 | 23.94% |
| CTA-PB | CTA-PB | 1.02% | $0.70 | 29.41% |
| FNWD | FNWD | 1.02% | $0.36 | 33.06% |
| HSII | HSII | 1.02% | $0.60 | 34.74% |
| LNG | LNG | 1.02% | $2.02 | 11.09% |
| 0HTG.L | 0HTG.L | 1.01% | $2.07 | 31.03% |
| 0I4X.L | 0I4X.L | 1.01% | $1.03 | 12.58% |
| CMC | CMC | 1.01% | $0.72 | 96.19% |
| TR | TR | 1.01% | $0.36 | 27.67% |
| KNX | KNX | 1.00% | $0.52 | 59.68% |
| PNFP | PNFP | 1.00% | $0.96 | 11.84% |