Ticker: ADP โข Yield: 2.2% โข Growth (5yr): 12.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $545,454.55. But if ADP grows its dividend by 12.0% annually, you can invest less today and hit your goal later.
*Assumes constant dividend reinvestment is NOT included, only dividend growth.
Reinvesting all dividends with constant yield:
| Year | Total Value | Monthly Income |
|---|---|---|
| Year 1 | $557,455 | +$1,022/mo |
| Year 3 | $582,252 | +$1,067/mo |
| Year 5 | $608,153 | +$1,115/mo |
| Year 10 | $678,059 | +$1,243/mo |
๐งฑ Mortgage crusher! Your house is basically paying for itself.
Wondering how much capital you need for $1000.00/month? Based on the yield of Automatic Data Processing (ADP), your target portfolio size is around $545,454.55. This calculation utilizes the current trailing yield of 2.20%.
Automatic Data Processing (ADP) is a key player in the Technology sector. It is often looked at for a blend of growth and income.
From an investment angle, committing $545,454.55 requires conviction in ADP's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.