Ticker: AAPL โข Yield: 0.6% โข Growth (5yr): 5.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $1,000,000. But if AAPL grows its dividend by 5.0% 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 | $1,006,000 | +$503/mo |
| Year 3 | $1,018,108 | +$509/mo |
| Year 5 | $1,030,362 | +$515/mo |
| Year 10 | $1,061,646 | +$531/mo |
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Planning for a reliable $500.00 monthly income stream? With Apple Inc. (AAPL), a capital allocation of roughly $1,000,000.00 could get you there. This calculation utilizes the current trailing yield of 0.60%.
Traded as AAPL, Apple Inc. operates within the Technology space. It is often looked at for a blend of growth and income.
Why AAPL? Because at $1,000,000.00 capital, yield stability becomes your best friend.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.