Ticker: XOM โข Yield: 3.2% โข Growth (5yr): 3.5%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $1,125,000. But if XOM grows its dividend by 3.5% 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 | $1,161,000 | +$3,096/mo |
| Year 3 | $1,236,493 | +$3,297/mo |
| Year 5 | $1,316,895 | +$3,512/mo |
| Year 10 | $1,541,521 | +$4,111/mo |
โณ You just bought 'Time'. The 9-to-5 grind is now optional.
Wondering how much capital you need for $3000.00/month? By investing about $1,125,000.00 in Exxon Mobil (XOM), you could theoretically hit that mark. This calculation utilizes the current trailing yield of 3.20%.
Exxon Mobil (XOM) is a key player in the Energy sector. It is generally viewed as a stable income generator.
Deploying $1,125,000.00 is a serious step. Ensure XOM aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.