Ticker: ITW โข Yield: 2.3% โข Growth (5yr): 7.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $521,739.13. But if ITW grows its dividend by 7.0% 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 | $533,739 | +$1,023/mo |
| Year 3 | $558,573 | +$1,071/mo |
| Year 5 | $584,563 | +$1,120/mo |
| Year 10 | $654,952 | +$1,255/mo |
๐๏ธ You could live like a king in Bali or Thailand with this cash flow.
Dreaming of an extra $1000.00 in monthly cash flow? Based on the yield of Illinois Tool Works (ITW), your target portfolio size is around $521,739.13. This calculation utilizes the current trailing yield of 2.30%.
Traded as ITW, Illinois Tool Works operates within the Industrials space. Stability is the key trait associated with this ticker.
Why ITW? Because at $521,739.13 capital, yield stability becomes your best friend.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.