Ticker: BLK โข Yield: 2.5% โข Growth (5yr): 10.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $1,440,000. But if BLK grows its dividend by 10.0% 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 | $1,476,000 | +$3,075/mo |
| Year 3 | $1,550,722 | +$3,231/mo |
| Year 5 | $1,629,228 | +$3,394/mo |
| Year 10 | $1,843,322 | +$3,840/mo |
โณ You just bought 'Time'. The 9-to-5 grind is now optional.
Planning for a reliable $3000.00 monthly income stream? Using BlackRock, Inc. (BLK), you'd need approximately $1,440,000.00 invested today. This figure assumes the yield holds steady at 2.50%.
Investors in the Financials sector often watch BlackRock, Inc. (BLK). Many portfolios hold it for consistency.
Deploying $1,440,000.00 is a serious step. Ensure BLK aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.