Ticker: BNS โข Yield: 6.5% โข Growth (5yr): 4.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $553,846.15. But if BNS grows its dividend by 4.0% 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 | $589,846 | +$3,195/mo |
| Year 3 | $669,018 | +$3,624/mo |
| Year 5 | $758,817 | +$4,110/mo |
| Year 10 | $1,039,645 | +$5,631/mo |
๐ Market crash? Who cares! The cash keeps flowing in.
Planning for a reliable $3000.00 monthly income stream? Using Bank of Nova Scotia (BNS), you'd need approximately $553,846.15 invested today. We base this on its recent trailing yield of 6.50%.
Traded as BNS, Bank of Nova Scotia operates within the Financials space. It is generally viewed as a stable income generator.
Deploying $553,846.15 is a serious step. Ensure BNS aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.