Ticker: MDT โข Yield: 3.3% โข Growth (5yr): 8.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $363,636.36. But if MDT grows its dividend by 8.0% 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 | $375,636 | +$1,033/mo |
| Year 3 | $400,837 | +$1,102/mo |
| Year 5 | $427,729 | +$1,176/mo |
| Year 10 | $503,119 | +$1,384/mo |
๐งฑ Mortgage crusher! Your house is basically paying for itself.
Is your goal to generate $1000.00 every month passively? With Medtronic (MDT), a capital allocation of roughly $363,636.36 could get you there. This calculation utilizes the current trailing yield of 3.30%.
Traded as MDT, Medtronic operates within the Healthcare space. Many portfolios hold it for consistency.
From an investment angle, committing $363,636.36 requires conviction in MDT's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.