Ticker: AEP โข Yield: 3.5% โข Growth (5yr): 6.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $1,028,571.43. But if AEP grows its dividend by 6.0% 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 | $1,064,571 | +$3,105/mo |
| Year 3 | $1,140,396 | +$3,326/mo |
| Year 5 | $1,221,620 | +$3,563/mo |
| Year 10 | $1,450,902 | +$4,232/mo |
๐ You are your own boss now. This replaces an average salary.
Is your goal to generate $3000.00 every month passively? Using American Electric Power (AEP), you'd need approximately $1,028,571.43 invested today. We base this on its recent trailing yield of 3.50%.
Investors in the Utilities sector often watch American Electric Power (AEP). Stability is the key trait associated with this ticker.
Deploying $1,028,571.43 is a serious step. Ensure AEP aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.