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 % |
|---|---|---|---|---|
| BLW | BLW | 11.50% | $1.58 | 93.39% |
| ELC | ELC | 11.33% | $2.34 | 57.35% |
| VIASP | VIASP | 11.33% | $2.88 | 49.21% |
| BUI | BUI | 11.31% | $2.93 | 58.72% |
| JPC | JPC | 11.24% | $0.91 | 67.43% |
| RILY | RILY | 11.21% | $0.58 | 56.91% |
| PFO | PFO | 11.06% | $1.05 | 43.18% |
| OXLCI | OXLCI | 11.05% | $2.83 | 69.26% |
| USB-PS | USB-PS | 10.98% | $2.02 | 43.68% |
| FLC | FLC | 10.93% | $1.92 | 42.77% |
| UTG | UTG | 10.78% | $4.00 | 43.20% |
| CEM | CEM | 10.77% | $5.60 | 46.76% |
| AIV | AIV | 10.76% | $0.63 | 36.20% |
| DCF | DCF | 10.71% | $0.99 | 42.71% |
| CALM | CALM | 10.70% | $8.40 | 32.04% |
| EMO | EMO | 10.65% | $4.79 | 26.74% |
| CTR | CTR | 10.63% | $5.00 | 47.43% |
| EIM | EIM | 10.57% | $1.03 | 64.33% |
| VZA | VZA | 10.57% | $2.70 | 49.90% |
| BPOPM | BPOPM | 10.45% | $2.67 | 26.93% |
| RITM | RITM | 10.45% | $1.15 | 71.36% |
| IHTA | IHTA | 10.33% | $0.78 | 26.82% |
| WU | WU | 10.30% | $0.95 | 40.76% |
| ERH | ERH | 10.26% | $1.22 | 31.06% |
| GDV | GDV | 10.25% | $2.85 | 39.93% |
| CII | CII | 10.23% | $2.38 | 44.19% |
| GBDC | GBDC | 10.19% | $1.38 | 97.76% |
| PVCMX | PVCMX | 10.19% | $1.24 | 83.81% |
| AEDVX | AEDVX | 9.95% | $0.94 | 76.80% |
| HYT | HYT | 9.83% | $0.87 | 99.09% |
| FFC | FFC | 9.79% | $1.63 | 37.81% |
| WEN | WEN | 9.78% | $0.80 | 82.75% |
| CMSA | CMSA | 9.77% | $2.17 | 62.27% |
| HIE | HIE | 9.63% | $1.21 | 98.11% |
| NMS | NMS | 9.54% | $1.12 | 37.02% |
| CMSC | CMSC | 9.48% | $2.17 | 62.27% |
| NEE-PN | NEE-PN | 9.24% | $2.21 | 70.10% |
| CMSD | CMSD | 9.20% | $2.17 | 62.27% |
| VFL | VFL | 9.06% | $0.93 | 34.18% |
| UAN | UAN | 8.96% | $9.09 | 75.52% |
| GGZ | GGZ | 8.95% | $1.34 | 48.03% |
| SUNS | SUNS | 8.95% | $0.83 | 88.91% |
| PTY | PTY | 8.93% | $1.15 | 88.40% |
| ATHS | ATHS | 8.86% | $2.22 | 14.14% |
| APAM | APAM | 8.83% | $3.66 | 97.93% |
| VLT | VLT | 8.83% | $0.98 | 46.97% |
| VTN | VTN | 8.75% | $1.01 | 65.99% |
| JEQ | JEQ | 8.73% | $0.69 | 43.45% |
| MO | MO | 8.69% | $4.98 | 94.54% |
| JGGC | JGGC | 8.63% | $0.15 | 63.08% |