Ticker: NEE โข Yield: 2.8% โข Growth (5yr): 10.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $1,285,714.29. But if NEE grows its dividend by 10.0% 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 | $1,321,714 | +$3,084/mo |
| Year 3 | $1,396,767 | +$3,259/mo |
| Year 5 | $1,476,080 | +$3,444/mo |
| Year 10 | $1,694,633 | +$3,954/mo |
๐ Market crash? Who cares! The cash keeps flowing in.
Looking to cover $3000.00 in monthly bills with dividends? By investing about $1,285,714.29 in NextEra Energy (NEE), you could theoretically hit that mark. Note that this math relies on a 2.80% yield.
Traded as NEE, NextEra Energy operates within the Utilities space. It is generally viewed as a stable income generator.
Deploying $1,285,714.29 is a serious step. Ensure NEE aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.