Ticker: DUK โข Yield: 4.1% โข Growth (5yr): 2.5%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $878,048.78. But if DUK grows its dividend by 2.5% 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 | $914,049 | +$3,123/mo |
| Year 3 | $990,537 | +$3,384/mo |
| Year 5 | $1,073,426 | +$3,668/mo |
| Year 10 | $1,312,278 | +$4,484/mo |
โณ You just bought 'Time'. The 9-to-5 grind is now optional.
Dreaming of an extra $3000.00 in monthly cash flow? Based on the yield of Duke Energy (DUK), your target portfolio size is around $878,048.78. Note that this math relies on a 4.10% yield.
Duke Energy (DUK) is a key player in the Utilities sector. It is generally viewed as a stable income generator.
From an investment angle, committing $878,048.78 requires conviction in DUK's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.