Ticker: AMP โข Yield: 1.4% โข Growth (5yr): 11.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $857,142.86. But if AMP grows its dividend by 11.0% 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 | $869,143 | +$1,014/mo |
| Year 3 | $893,649 | +$1,043/mo |
| Year 5 | $918,847 | +$1,072/mo |
| Year 10 | $984,992 | +$1,149/mo |
๐๏ธ You could live like a king in Bali or Thailand with this cash flow.
Is your goal to generate $1000.00 every month passively? Using Ameriprise Financial (AMP), you'd need approximately $857,142.86 invested today. This figure assumes the yield holds steady at 1.40%.
Investors in the Financials sector often watch Ameriprise Financial (AMP). Stability is the key trait associated with this ticker.
From an investment angle, committing $857,142.86 requires conviction in AMP's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.