Ticker: SYK โข Yield: 0.9% โข Growth (5yr): 10.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $4,000,000. But if SYK 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 | $4,036,000 | +$3,027/mo |
| Year 3 | $4,108,975 | +$3,082/mo |
| Year 5 | $4,183,269 | +$3,137/mo |
| Year 10 | $4,374,935 | +$3,281/mo |
๐ Market crash? Who cares! The cash keeps flowing in.
Planning for a reliable $3000.00 monthly income stream? By investing about $4,000,000.00 in Stryker Corporation (SYK), you could theoretically hit that mark. This calculation utilizes the current trailing yield of 0.90%.
Stryker Corporation (SYK) is a key player in the Healthcare sector. Stability is the key trait associated with this ticker.
From an investment angle, committing $4,000,000.00 requires conviction in SYK's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.