Ticker: LEG โข Yield: 7.2% โข Growth (5yr): 3.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $500,000. But if LEG grows its dividend by 3.0% 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 | $536,000 | +$3,216/mo |
| Year 3 | $615,963 | +$3,696/mo |
| Year 5 | $707,854 | +$4,247/mo |
| Year 10 | $1,002,116 | +$6,013/mo |
๐ Financial Freedom approaching! You can quit the rat race.
Looking to cover $3000.00 in monthly bills with dividends? Using Leggett & Platt (LEG), you'd need approximately $500,000.00 invested today. We base this on its recent trailing yield of 7.20%.
Traded as LEG, Leggett & Platt operates within the Industrials space. Investors should be wary of its higher-than-average risk profile.
Deploying $500,000.00 is a serious step. Ensure LEG aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.