Ticker: BBY โข Yield: 4.8% โข Growth (5yr): 10.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $250,000. But if BBY grows its dividend by 10.0% 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 | $262,000 | +$1,048/mo |
| Year 3 | $287,756 | +$1,151/mo |
| Year 5 | $316,043 | +$1,264/mo |
| Year 10 | $399,533 | +$1,598/mo |
๐งฑ Mortgage crusher! Your house is basically paying for itself.
Is your goal to generate $1000.00 every month passively? By investing about $250,000.00 in Best Buy Co. Inc. (BBY), you could theoretically hit that mark. Note that this math relies on a 4.80% yield.
Traded as BBY, Best Buy Co. Inc. operates within the Consumer Discretionary space. Stability is the key trait associated with this ticker.
From an investment angle, committing $250,000.00 requires conviction in BBY's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.