Ticker: CL โข Yield: 2.3% โข Growth (5yr): 3.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $1,565,217.39. But if CL grows its dividend by 3.0% 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 | $1,601,217 | +$3,069/mo |
| Year 3 | $1,675,720 | +$3,212/mo |
| Year 5 | $1,753,690 | +$3,361/mo |
| Year 10 | $1,964,857 | +$3,766/mo |
โณ You just bought 'Time'. The 9-to-5 grind is now optional.
Is your goal to generate $3000.00 every month passively? Using Colgate-Palmolive (CL), you'd need approximately $1,565,217.39 invested today. Note that this math relies on a 2.30% yield.
Traded as CL, Colgate-Palmolive operates within the Consumer Staples space. Many portfolios hold it for consistency.
Deploying $1,565,217.39 is a serious step. Ensure CL aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.