Ticker: ADP โข Yield: 2.2% โข Growth (5yr): 12.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $1,636,363.64. But if ADP 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 | $1,672,364 | +$3,066/mo |
| Year 3 | $1,746,757 | +$3,202/mo |
| Year 5 | $1,824,460 | +$3,345/mo |
| Year 10 | $2,034,177 | +$3,729/mo |
๐ Market crash? Who cares! The cash keeps flowing in.
Wondering how much capital you need for $3000.00/month? Based on the yield of Automatic Data Processing (ADP), your target portfolio size is around $1,636,363.64. This calculation utilizes the current trailing yield of 2.20%.
Automatic Data Processing (ADP) is a key player in the Technology sector. It is often looked at for a blend of growth and income.
From an investment angle, committing $1,636,363.64 requires conviction in ADP's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.