Ticker: HD โข Yield: 2.6% โข Growth (5yr): 15.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $1,384,615.38. But if HD grows its dividend by 15.0% 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 | $1,420,615 | +$3,078/mo |
| Year 3 | $1,495,448 | +$3,240/mo |
| Year 5 | $1,574,222 | +$3,411/mo |
| Year 10 | $1,789,793 | +$3,878/mo |
โณ You just bought 'Time'. The 9-to-5 grind is now optional.
Looking to cover $3000.00 in monthly bills with dividends? Using Home Depot (HD), you'd need approximately $1,384,615.38 invested today. Note that this math relies on a 2.60% yield.
Traded as HD, Home Depot operates within the Consumer Discretionary space. Stability is the key trait associated with this ticker.
Deploying $1,384,615.38 is a serious step. Ensure HD aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.