Ticker: HON โข Yield: 2.0% โข Growth (5yr): 5.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $600,000. But if HON 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 | $612,000 | +$1,020/mo |
| Year 3 | $636,725 | +$1,061/mo |
| Year 5 | $662,448 | +$1,104/mo |
| Year 10 | $731,397 | +$1,219/mo |
๐ Student loans? Dividends are paying them off for you.
Dreaming of an extra $1000.00 in monthly cash flow? Using Honeywell International (HON), you'd need approximately $600,000.00 invested today. This calculation utilizes the current trailing yield of 2.00%.
Investors in the Industrials sector often watch Honeywell International (HON). Many portfolios hold it for consistency.
Deploying $600,000.00 is a serious step. Ensure HON aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.