Ticker: JNJ โข Yield: 2.9% โข Growth (5yr): 5.5%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $1,241,379.31. But if JNJ grows its dividend by 5.5% 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 | $1,277,379 | +$3,087/mo |
| Year 3 | $1,352,542 | +$3,269/mo |
| Year 5 | $1,432,126 | +$3,461/mo |
| Year 10 | $1,652,183 | +$3,993/mo |
๐ You are your own boss now. This replaces an average salary.
Looking to cover $3000.00 in monthly bills with dividends? Using Johnson & Johnson (JNJ), you'd need approximately $1,241,379.31 invested today. Note that this math relies on a 2.90% yield.
Johnson & Johnson (JNJ) is a key player in the Healthcare sector. Stability is the key trait associated with this ticker.
From an investment angle, committing $1,241,379.31 requires conviction in JNJ's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.