Ticker: LOW โข Yield: 2.0% โข Growth (5yr): 18.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $600,000. But if LOW grows its dividend by 18.0% 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 Rent is FREE! Living cost-free is a superpower.
Looking to cover $1000.00 in monthly bills with dividends? Using Lowe's Companies Inc. (LOW), you'd need approximately $600,000.00 invested today. We base this on its recent trailing yield of 2.00%.
Lowe's Companies Inc. (LOW) is a key player in the Consumer Discretionary sector. Many portfolios hold it for consistency.
Why LOW? Because at $600,000.00 capital, yield stability becomes your best friend.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.