Ticker: CVX โข Yield: 3.8% โข Growth (5yr): 6.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $947,368.42. But if CVX 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 | $983,368 | +$3,114/mo |
| Year 3 | $1,059,524 | +$3,355/mo |
| Year 5 | $1,141,578 | +$3,615/mo |
| Year 10 | $1,375,601 | +$4,356/mo |
๐ Market crash? Who cares! The cash keeps flowing in.
Looking to cover $3000.00 in monthly bills with dividends? With Chevron Corporation (CVX), a capital allocation of roughly $947,368.42 could get you there. This calculation utilizes the current trailing yield of 3.80%.
Investors in the Energy sector often watch Chevron Corporation (CVX). Stability is the key trait associated with this ticker.
From an investment angle, committing $947,368.42 requires conviction in CVX's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.