Ticker: ED โข Yield: 3.6% โข Growth (5yr): 2.5%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $333,333.33. But if ED grows its dividend by 2.5% 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 | $345,333 | +$1,036/mo |
| Year 3 | $370,645 | +$1,112/mo |
| Year 5 | $397,812 | +$1,193/mo |
| Year 10 | $474,762 | +$1,424/mo |
๐๏ธ You could live like a king in Bali or Thailand with this cash flow.
Planning for a reliable $1000.00 monthly income stream? Using Consolidated Edison (ED), you'd need approximately $333,333.33 invested today. We base this on its recent trailing yield of 3.60%.
Traded as ED, Consolidated Edison operates within the Utilities space. Many portfolios hold it for consistency.
From an investment angle, committing $333,333.33 requires conviction in ED's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.