Ticker: CLX โข Yield: 3.4% โข Growth (5yr): 5.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $352,941.18. But if CLX grows its dividend by 5.0% 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 | $364,941 | +$1,034/mo |
| Year 3 | $390,179 | +$1,106/mo |
| Year 5 | $417,162 | +$1,182/mo |
| Year 10 | $493,069 | +$1,397/mo |
๐ Student loans? Dividends are paying them off for you.
Looking to cover $1000.00 in monthly bills with dividends? Using Clorox Company (CLX), you'd need approximately $352,941.18 invested today. This calculation utilizes the current trailing yield of 3.40%.
Investors in the Consumer Staples sector often watch Clorox Company (CLX). Stability is the key trait associated with this ticker.
Why CLX? Because at $352,941.18 capital, yield stability becomes your best friend.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.