Ticker: DIVO โข Yield: 4.6% โข Growth (5yr): 5.5%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $260,869.57. But if DIVO grows its dividend by 5.5% 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 | $272,870 | +$1,046/mo |
| Year 3 | $298,551 | +$1,144/mo |
| Year 5 | $326,649 | +$1,252/mo |
| Year 10 | $409,016 | +$1,568/mo |
๐๏ธ You could live like a king in Bali or Thailand with this cash flow.
Looking to cover $1000.00 in monthly bills with dividends? By investing about $260,869.57 in Amplify CWP Enhanced Dividend Income (DIVO), you could theoretically hit that mark. We base this on its recent trailing yield of 4.60%.
Investors in the Covered Call ETF sector often watch Amplify CWP Enhanced Dividend Income (DIVO). Stability is the key trait associated with this ticker.
From an investment angle, committing $260,869.57 requires conviction in DIVO's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.