Ticker: WEC โข Yield: 3.4% โข Growth (5yr): 7.0%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $1,058,823.53. But if WEC grows its dividend by 7.0% 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 | $1,094,824 | +$3,102/mo |
| Year 3 | $1,170,537 | +$3,317/mo |
| Year 5 | $1,251,487 | +$3,546/mo |
| Year 10 | $1,479,207 | +$4,191/mo |
๐ Financial Freedom approaching! You can quit the rat race.
Looking to cover $3000.00 in monthly bills with dividends? With WEC Energy Group (WEC), a capital allocation of roughly $1,058,823.53 could get you there. This calculation utilizes the current trailing yield of 3.40%.
Traded as WEC, WEC Energy Group operates within the Utilities space. Stability is the key trait associated with this ticker.
Deploying $1,058,823.53 is a serious step. Ensure WEC aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.