Ticker: ABT โข Yield: 1.8% โข Growth (5yr): 12.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $2,000,000. But if ABT grows its dividend by 12.0% 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 | $2,036,000 | +$3,054/mo |
| Year 3 | $2,109,956 | +$3,165/mo |
| Year 5 | $2,186,598 | +$3,280/mo |
| Year 10 | $2,390,605 | +$3,586/mo |
๐ Market crash? Who cares! The cash keeps flowing in.
Looking to cover $3000.00 in monthly bills with dividends? With Abbott Laboratories (ABT), a capital allocation of roughly $2,000,000.00 could get you there. We base this on its recent trailing yield of 1.80%.
Traded as ABT, Abbott Laboratories operates within the Healthcare space. Many portfolios hold it for consistency.
From an investment angle, committing $2,000,000.00 requires conviction in ABT's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.