Ticker: PM โข Yield: 5.1% โข Growth (5yr): 3.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $705,882.35. But if PM grows its dividend by 3.0% 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 | $741,882 | +$3,153/mo |
| Year 3 | $819,484 | +$3,483/mo |
| Year 5 | $905,203 | +$3,847/mo |
| Year 10 | $1,160,806 | +$4,933/mo |
๐ Market crash? Who cares! The cash keeps flowing in.
Looking to cover $3000.00 in monthly bills with dividends? By investing about $705,882.35 in Philip Morris International (PM), you could theoretically hit that mark. This figure assumes the yield holds steady at 5.10%.
Investors in the Consumer Staples sector often watch Philip Morris International (PM). Many portfolios hold it for consistency.
Deploying $705,882.35 is a serious step. Ensure PM aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.