Dividend Discount Models Snapshot
| Model | Range | Selected |
|---|---|---|
| Stable Growth DDM | $4.49 - $6.51 | $5.41 |
| Multi-Stage DDM | $3.26 - $3.58 | $3.42 |
| Blended Fair Value | $4.41 | |
| Stock Price | $12.12 | |
Dividend History (Last 10 Years)
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 0.160 | 0.159 | 0.203 | 0.204 | 0.201 | 0.201 | 0.100 | 0.064 | 0.045 | 0.045 |
| YoY % | 0.94% | -21.61% | -0.47% | 1.48% | 0.00% | 100.41% | 55.46% | 42.22% | 0.67% | -47.89% |
| Yield | 1.32% | 1.31% | 1.67% | 1.68% | 1.66% | 1.66% | 0.83% | 0.53% | 0.37% | 0.37% |
| CAGR | Value |
|---|---|
| 5 Year | -4.38% |
| 10 Year | 6.39% |
Discounted Dividend Model - Stable Growth
| Metric | Range | Selected |
|---|---|---|
| LT Growth | 0.40% to 2.40% | 1.40% |
| WACC | 9.00% | 9.00% |
| Fair Value | $4.49 - $6.51 | $5.41 |
Calculation Details (Millions)
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (*) Adjusted Net Income | 12.03 | 12.03 | 12.03 |
| (=) Cash Required | 2.41 | 1.50 | 0.90 |
| (=) Excess Retained per Share | 0.22 | 0.24 | 0.26 |
| LTM Dividend per Share | 0.160 | 0.160 | 0.160 |
| (=) Adjusted Dividend | 0.384 | 0.405 | 0.419 |
Multi-Stage Projections (BASE Case - Millions)
| Metric | TTM | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|---|
| Net Income | 12.03 | 12.20 | 12.37 | 12.54 | 12.72 | 12.90 |
| Projected Dividends | 6.90 | 3.05 | 5.07 | 7.15 | 9.28 | 11.61 |
Multi-Stage Valuation (Millions)
| Present Values | LOW | BASE | HIGH |
|---|---|---|---|
| Year 1 PV | 2.89 | 2.92 | 2.95 |
| Year 2 PV | 4.37 | 4.46 | 4.54 |
| Year 3 PV | 5.59 | 5.76 | 5.94 |
| Year 4 PV | 6.60 | 6.87 | 7.14 |
| Year 5 PV | 7.50 | 7.88 | 8.27 |
| TV PV | 113.21 | 118.96 | 124.94 |
| Equity Value | 140.16 | 146.84 | 153.79 |
| Fair Value | $3.26 | $3.42 | $3.58 |
Top Dividend Stocks
| Ticker | Company Name | Yield % | DPS | Payout % |
|---|---|---|---|---|
| ARDC | ARDC | 19.91% | $2.65 | 77.10% |
| JGH | JGH | 19.71% | $2.48 | 70.08% |
| BSL | BSL | 19.66% | $2.65 | 95.83% |
| RGT | RGT | 19.58% | $2.56 | 37.89% |
| AIKI | AIKI | 19.55% | $0.70 | 10.85% |
| PFN | PFN | 19.43% | $1.46 | 72.85% |
| JLS | JLS | 19.40% | $3.53 | 84.31% |
| ACV | ACV | 19.28% | $5.07 | 72.66% |
| BGB | BGB | 19.19% | $2.26 | 86.72% |
| PHK | PHK | 19.11% | $0.93 | 86.61% |
| DTW | DTW | 19.03% | $4.08 | 87.19% |
| EMD | EMD | 18.84% | $2.03 | 78.17% |
| SR-PA | SR-PA | 18.76% | $4.54 | 98.60% |
| SRV | SRV | 18.74% | $7.53 | 66.75% |
| CIK | CIK | 18.41% | $0.52 | 82.82% |
| DHY | DHY | 18.39% | $0.37 | 88.67% |
| MNR | MNR | 18.30% | $2.06 | 89.28% |
| PFL | PFL | 18.22% | $1.54 | 84.57% |
| EAD | EAD | 18.08% | $1.23 | 52.27% |
| SPE | SPE | 18.03% | $2.66 | 44.19% |
| AIF | AIF | 17.93% | $2.66 | 60.44% |
| GAB | GAB | 17.77% | $1.08 | 81.70% |
| HPF | HPF | 17.73% | $2.86 | 78.50% |
| MPV | MPV | 17.65% | $2.93 | 95.78% |
| GBAB | GBAB | 17.43% | $2.59 | 74.37% |
| TEI | TEI | 17.42% | $1.14 | 64.65% |
| ISD | ISD | 17.40% | $2.52 | 96.64% |
| HIX | HIX | 17.39% | $0.73 | 96.11% |
| NXG | NXG | 17.31% | $8.79 | 83.58% |
| HPI | HPI | 17.11% | $2.79 | 76.40% |
| RCS | RCS | 17.08% | $1.00 | 75.51% |
| DUKB | DUKB | 16.95% | $4.19 | 65.28% |
| FGB | FGB | 16.75% | $0.70 | 50.91% |
| RQI | RQI | 16.75% | $1.92 | 87.08% |
| FPF | FPF | 16.57% | $3.09 | 70.83% |
| EVV | EVV | 16.43% | $1.63 | 64.70% |
| AIZN | AIZN | 16.41% | $3.22 | 19.47% |
| NML | NML | 16.37% | $1.40 | 40.22% |
| PGP | PGP | 16.31% | $1.50 | 60.66% |
| CHW | CHW | 16.07% | $1.20 | 66.54% |
| BGY | BGY | 15.99% | $0.94 | 99.21% |
| GABBX | GABBX | 15.98% | $2.85 | 40.22% |
| BDJ | BDJ | 15.90% | $1.49 | 72.30% |
| DSL | DSL | 15.85% | $1.78 | 54.50% |
| PDT | PDT | 15.76% | $2.01 | 62.66% |
| TSQ | TSQ | 15.55% | $0.79 | 70.58% |
| EOD | EOD | 15.39% | $0.90 | 52.51% |
| LGI | LGI | 15.37% | $2.68 | 82.52% |
| BSTZ | BSTZ | 15.35% | $3.54 | 65.39% |
| FPI | FPI | 15.34% | $1.48 | 93.00% |