Ticker: WEC โข Yield: 3.4% โข Growth (5yr): 7.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $352,941.18. But if WEC grows its dividend by 7.0% 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 | $364,941 | +$1,034/mo |
| Year 3 | $390,179 | +$1,106/mo |
| Year 5 | $417,162 | +$1,182/mo |
| Year 10 | $493,069 | +$1,397/mo |
๐งฑ Mortgage crusher! Your house is basically paying for itself.
Looking to cover $1000.00 in monthly bills with dividends? With WEC Energy Group (WEC), a capital allocation of roughly $352,941.18 could get you there. This calculation utilizes the current trailing yield of 3.40%.
Traded as WEC, WEC Energy Group operates within the Utilities space. Stability is the key trait associated with this ticker.
Deploying $352,941.18 is a serious step. Ensure WEC aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.