Ticker: FAST โข Yield: 2.2% โข Growth (5yr): 12.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $1,636,363.64. But if FAST grows its dividend by 12.0% 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 | $1,672,364 | +$3,066/mo |
| Year 3 | $1,746,757 | +$3,202/mo |
| Year 5 | $1,824,460 | +$3,345/mo |
| Year 10 | $2,034,177 | +$3,729/mo |
โณ You just bought 'Time'. The 9-to-5 grind is now optional.
Planning for a reliable $3000.00 monthly income stream? Based on the yield of Fastenal Company (FAST), your target portfolio size is around $1,636,363.64. Note that this math relies on a 2.20% yield.
Fastenal Company (FAST) is a key player in the Industrials sector. Many portfolios hold it for consistency.
Why FAST? Because at $1,636,363.64 capital, yield stability becomes your best friend.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.