Ticker: VZ โข Yield: 6.5% โข Growth (5yr): 2.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $553,846.15. But if VZ grows its dividend by 2.0% 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 | $589,846 | +$3,195/mo |
| Year 3 | $669,018 | +$3,624/mo |
| Year 5 | $758,817 | +$4,110/mo |
| Year 10 | $1,039,645 | +$5,631/mo |
๐ You are your own boss now. This replaces an average salary.
Dreaming of an extra $3000.00 in monthly cash flow? With Verizon Communications (VZ), a capital allocation of roughly $553,846.15 could get you there. This figure assumes the yield holds steady at 6.50%.
Traded as VZ, Verizon Communications operates within the Telecommunications space. It is generally viewed as a stable income generator.
From an investment angle, committing $553,846.15 requires conviction in VZ's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.