Ticker: TROW โข Yield: 4.2% โข Growth (5yr): 10.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $285,714.29. But if TROW 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 | $297,714 | +$1,042/mo |
| Year 3 | $323,247 | +$1,131/mo |
| Year 5 | $350,970 | +$1,228/mo |
| Year 10 | $431,131 | +$1,509/mo |
๐ Student loans? Dividends are paying them off for you.
Looking to cover $1000.00 in monthly bills with dividends? Based on the yield of T. Rowe Price Group (TROW), your target portfolio size is around $285,714.29. Note that this math relies on a 4.20% yield.
Traded as TROW, T. Rowe Price Group operates within the Financials space. Stability is the key trait associated with this ticker.
From an investment angle, committing $285,714.29 requires conviction in TROW's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.