Ticker: MO โข Yield: 8.3% โข Growth (5yr): 4.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $433,734.94. But if MO grows its dividend by 4.0% 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 | $469,735 | +$3,249/mo |
| Year 3 | $550,947 | +$3,811/mo |
| Year 5 | $646,200 | +$4,470/mo |
| Year 10 | $962,740 | +$6,659/mo |
โณ You just bought 'Time'. The 9-to-5 grind is now optional.
Wondering how much capital you need for $3000.00/month? By investing about $433,734.94 in Altria Group (MO), you could theoretically hit that mark. Note that this math relies on a 8.30% yield.
Altria Group (MO) is a key player in the Consumer Staples sector. It is generally viewed as a stable income generator.
Deploying $433,734.94 is a serious step. Ensure MO aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.