Ticker: SYK โข Yield: 0.9% โข Growth (5yr): 10.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $1,333,333.33. But if SYK grows its dividend by 10.0% 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 | $1,345,333 | +$1,009/mo |
| Year 3 | $1,369,658 | +$1,027/mo |
| Year 5 | $1,394,423 | +$1,046/mo |
| Year 10 | $1,458,312 | +$1,094/mo |
๐ Rent is FREE! Living cost-free is a superpower.
Planning for a reliable $1000.00 monthly income stream? By investing about $1,333,333.33 in Stryker Corporation (SYK), you could theoretically hit that mark. This calculation utilizes the current trailing yield of 0.90%.
Stryker Corporation (SYK) is a key player in the Healthcare sector. Stability is the key trait associated with this ticker.
From an investment angle, committing $1,333,333.33 requires conviction in SYK's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.