Ticker: ITW โข Yield: 2.3% โข Growth (5yr): 7.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $1,565,217.39. But if ITW grows its dividend by 7.0% 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 | $1,601,217 | +$3,069/mo |
| Year 3 | $1,675,720 | +$3,212/mo |
| Year 5 | $1,753,690 | +$3,361/mo |
| Year 10 | $1,964,857 | +$3,766/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 Illinois Tool Works (ITW), your target portfolio size is around $1,565,217.39. This calculation utilizes the current trailing yield of 2.30%.
Traded as ITW, Illinois Tool Works operates within the Industrials space. Stability is the key trait associated with this ticker.
Why ITW? Because at $1,565,217.39 capital, yield stability becomes your best friend.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.