Ticker: MMM โข Yield: 5.8% โข Growth (5yr): 1.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $206,896.55. But if MMM grows its dividend by 1.0% 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 | $218,897 | +$1,058/mo |
| Year 3 | $245,025 | +$1,184/mo |
| Year 5 | $274,272 | +$1,326/mo |
| Year 10 | $363,588 | +$1,757/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? Based on the yield of 3M Company (MMM), your target portfolio size is around $206,896.55. We base this on its recent trailing yield of 5.80%.
3M Company (MMM) is a key player in the Industrials sector. Stability is the key trait associated with this ticker.
Deploying $206,896.55 is a serious step. Ensure MMM aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.