Ticker: PNW โข Yield: 4.4% โข Growth (5yr): 3.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $818,181.82. But if PNW 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 | $854,182 | +$3,132/mo |
| Year 3 | $931,004 | +$3,414/mo |
| Year 5 | $1,014,734 | +$3,721/mo |
| Year 10 | $1,258,505 | +$4,615/mo |
๐ You are your own boss now. This replaces an average salary.
Looking to cover $3000.00 in monthly bills with dividends? Based on the yield of Pinnacle West Capital (PNW), your target portfolio size is around $818,181.82. This figure assumes the yield holds steady at 4.40%.
Investors in the Utilities sector often watch Pinnacle West Capital (PNW). It is generally viewed as a stable income generator.
From an investment angle, committing $818,181.82 requires conviction in PNW's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.