Ticker: MDT โข Yield: 3.3% โข Growth (5yr): 8.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $1,090,909.09. But if MDT grows its dividend by 8.0% 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 | $1,126,909 | +$3,099/mo |
| Year 3 | $1,202,512 | +$3,307/mo |
| Year 5 | $1,283,188 | +$3,529/mo |
| Year 10 | $1,509,356 | +$4,151/mo |
โณ You just bought 'Time'. The 9-to-5 grind is now optional.
Is your goal to generate $3000.00 every month passively? With Medtronic (MDT), a capital allocation of roughly $1,090,909.09 could get you there. This calculation utilizes the current trailing yield of 3.30%.
Traded as MDT, Medtronic operates within the Healthcare space. Many portfolios hold it for consistency.
From an investment angle, committing $1,090,909.09 requires conviction in MDT's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.