Ticker: VZ โข Yield: 6.5% โข Growth (5yr): 2.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $184,615.38. But if VZ grows its dividend by 2.0% 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 | $196,615 | +$1,065/mo |
| Year 3 | $223,006 | +$1,208/mo |
| Year 5 | $252,939 | +$1,370/mo |
| Year 10 | $346,548 | +$1,877/mo |
๐งฑ Mortgage crusher! Your house is basically paying for itself.
Dreaming of an extra $1000.00 in monthly cash flow? With Verizon Communications (VZ), a capital allocation of roughly $184,615.38 could get you there. This figure assumes the yield holds steady at 6.50%.
Traded as VZ, Verizon Communications operates within the Telecommunications space. It is generally viewed as a stable income generator.
From an investment angle, committing $184,615.38 requires conviction in VZ's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.