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 % |
|---|---|---|---|---|
| LZOEX | LZOEX | 0.09% | $0.02 | 36.87% |
| PWR | PWR | 0.09% | $0.39 | 5.78% |
| AAMI | AAMI | 0.08% | $0.04 | 1.59% |
| PDLB | PDLB | 0.08% | $0.01 | 1.31% |
| VRT | VRT | 0.08% | $0.15 | 5.48% |
| 0J46.L | 0J46.L | 0.07% | $0.23 | 4.98% |
| 0JYM.L | 0JYM.L | 0.07% | $1.41 | 0.87% |
| CHCI | CHCI | 0.06% | $0.01 | 0.56% |
| MTVC | MTVC | 0.06% | $0.01 | 2.21% |
| ENJ | ENJ | 0.05% | $0.01 | 0.31% |
| ENO | ENO | 0.05% | $0.01 | 0.31% |
| AJRD | AJRD | 0.04% | $0.02 | 2.70% |
| ERES | ERES | 0.04% | $0.00 | 1.55% |
| NBN | NBN | 0.04% | $0.04 | 0.38% |
| ARHS | ARHS | 0.03% | $0.00 | 0.61% |
| BSIG | BSIG | 0.03% | $0.01 | 0.34% |
| EWCZ | EWCZ | 0.03% | $0.00 | 0.37% |
| WIRE | WIRE | 0.03% | $0.08 | 0.42% |
| ACFN | ACFN | 0.02% | $0.00 | 0.09% |
| ACMR | ACMR | 0.02% | $0.01 | 0.62% |
| CFB | CFB | 0.02% | $0.00 | 0.21% |
| FDSB | FDSB | 0.02% | $0.00 | 0.35% |
| GRDN | GRDN | 0.02% | $0.00 | 0.75% |
| NVDA | NVDA | 0.02% | $0.04 | 0.98% |
| AMG | AMG | 0.01% | $0.04 | 0.23% |
| BSX-PA | BSX-PA | 0.01% | $0.02 | 0.82% |
| FIGR | FIGR | 0.01% | $0.00 | 2.22% |
| GNRC | GNRC | 0.01% | $0.01 | 0.18% |
| LAUR | LAUR | 0.01% | $0.00 | 0.22% |
| PLNT | PLNT | 0.01% | $0.01 | 0.57% |
| SUM | SUM | 0.01% | $0.00 | 0.32% |
| BE | BE | 0.00% | $0.00 | 6.20% |
| BJRI | BJRI | 0.00% | $0.00 | 0.01% |
| CXW | CXW | 0.00% | $0.00 | 0.04% |
| INFA | INFA | 0.00% | $0.00 | 0.10% |
| MMMB | MMMB | 0.00% | $0.00 | 0.04% |
| PMO | PMO | 0.00% | $0.00 | 0.05% |
| SENEA | SENEA | 0.00% | $0.00 | 0.04% |
| SLCA | SLCA | 0.00% | $0.00 | 0.02% |
| UNIT | UNIT | 0.00% | $0.00 | 0.00% |