Ticker: DVY โข Yield: 3.9% โข Growth (5yr): 5.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $923,076.92. But if DVY grows its dividend by 5.0% 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 | $959,077 | +$3,117/mo |
| Year 3 | $1,035,344 | +$3,365/mo |
| Year 5 | $1,117,675 | +$3,632/mo |
| Year 10 | $1,353,298 | +$4,398/mo |
โณ You just bought 'Time'. The 9-to-5 grind is now optional.
Dreaming of an extra $3000.00 in monthly cash flow? Using iShares Select Dividend ETF (DVY), you'd need approximately $923,076.92 invested today. This calculation utilizes the current trailing yield of 3.90%.
iShares Select Dividend ETF (DVY) is a key player in the Dividend Equity ETF sector. It is generally viewed as a stable income generator.
Deploying $923,076.92 is a serious step. Ensure DVY aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.