Ticker: TROW โข Yield: 4.2% โข Growth (5yr): 10.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $857,142.86. But if TROW 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 | $893,143 | +$3,126/mo |
| Year 3 | $969,742 | +$3,394/mo |
| Year 5 | $1,052,911 | +$3,685/mo |
| Year 10 | $1,293,393 | +$4,527/mo |
๐ Financial Freedom approaching! You can quit the rat race.
Looking to cover $3000.00 in monthly bills with dividends? Based on the yield of T. Rowe Price Group (TROW), your target portfolio size is around $857,142.86. Note that this math relies on a 4.20% yield.
Traded as TROW, T. Rowe Price Group operates within the Financials space. Stability is the key trait associated with this ticker.
From an investment angle, committing $857,142.86 requires conviction in TROW's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.