Ticker: MO โข Yield: 8.3% โข Growth (5yr): 4.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $144,578.31. But if MO grows its dividend by 4.0% 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 | $156,578 | +$1,083/mo |
| Year 3 | $183,649 | +$1,270/mo |
| Year 5 | $215,400 | +$1,490/mo |
| Year 10 | $320,913 | +$2,220/mo |
๐งฑ Mortgage crusher! Your house is basically paying for itself.
Wondering how much capital you need for $1000.00/month? By investing about $144,578.31 in Altria Group (MO), you could theoretically hit that mark. Note that this math relies on a 8.30% yield.
Altria Group (MO) is a key player in the Consumer Staples sector. It is generally viewed as a stable income generator.
Deploying $144,578.31 is a serious step. Ensure MO aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.