Ticker: PM โข Yield: 5.1% โข Growth (5yr): 3.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $235,294.12. But if PM grows its dividend by 3.0% 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 | $247,294 | +$1,051/mo |
| Year 3 | $273,161 | +$1,161/mo |
| Year 5 | $301,734 | +$1,282/mo |
| Year 10 | $386,935 | +$1,644/mo |
๐๏ธ You could live like a king in Bali or Thailand with this cash flow.
Looking to cover $1000.00 in monthly bills with dividends? By investing about $235,294.12 in Philip Morris International (PM), you could theoretically hit that mark. This figure assumes the yield holds steady at 5.10%.
Investors in the Consumer Staples sector often watch Philip Morris International (PM). Many portfolios hold it for consistency.
Deploying $235,294.12 is a serious step. Ensure PM aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.