Ticker: LOW โข Yield: 2.0% โข Growth (5yr): 18.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $1,800,000. But if LOW grows its dividend by 18.0% 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 | $1,836,000 | +$3,060/mo |
| Year 3 | $1,910,174 | +$3,184/mo |
| Year 5 | $1,987,345 | +$3,312/mo |
| Year 10 | $2,194,190 | +$3,657/mo |
๐ Market crash? Who cares! The cash keeps flowing in.
Looking to cover $3000.00 in monthly bills with dividends? Using Lowe's Companies Inc. (LOW), you'd need approximately $1,800,000.00 invested today. We base this on its recent trailing yield of 2.00%.
Lowe's Companies Inc. (LOW) is a key player in the Consumer Discretionary sector. Many portfolios hold it for consistency.
Why LOW? Because at $1,800,000.00 capital, yield stability becomes your best friend.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.