Ticker: SO โข Yield: 4.0% โข Growth (5yr): 3.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $300,000. But if SO 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 | $312,000 | +$1,040/mo |
| Year 3 | $337,459 | +$1,125/mo |
| Year 5 | $364,996 | +$1,217/mo |
| Year 10 | $444,073 | +$1,480/mo |
๐ Student loans? Dividends are paying them off for you.
Looking to cover $1000.00 in monthly bills with dividends? By investing about $300,000.00 in Southern Company (SO), you could theoretically hit that mark. Note that this math relies on a 4.00% yield.
Southern Company (SO) is a key player in the Utilities sector. Stability is the key trait associated with this ticker.
Why SO? Because at $300,000.00 capital, yield stability becomes your best friend.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.