Ticker: MAIN โข Yield: 6.8% โข Growth (5yr): 2.8%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $529,411.76. But if MAIN grows its dividend by 2.8% 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 | $565,412 | +$3,204/mo |
| Year 3 | $644,922 | +$3,655/mo |
| Year 5 | $735,614 | +$4,168/mo |
| Year 10 | $1,022,130 | +$5,792/mo |
โณ You just bought 'Time'. The 9-to-5 grind is now optional.
Is your goal to generate $3000.00 every month passively? Based on the yield of Main Street Capital (MAIN), your target portfolio size is around $529,411.76. This calculation utilizes the current trailing yield of 6.80%.
Traded as MAIN, Main Street Capital operates within the Business Development Company space. Many portfolios hold it for consistency.
Deploying $529,411.76 is a serious step. Ensure MAIN aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.