Ticker: AEP โข Yield: 3.5% โข Growth (5yr): 6.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $171,428.57. But if AEP grows its dividend by 6.0% 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 | $177,429 | +$518/mo |
| Year 3 | $190,066 | +$554/mo |
| Year 5 | $203,603 | +$594/mo |
| Year 10 | $241,817 | +$705/mo |
๐ Car payment? Gone. You're effectively driving for free.
Is your goal to generate $500.00 every month passively? Using American Electric Power (AEP), you'd need approximately $171,428.57 invested today. We base this on its recent trailing yield of 3.50%.
Investors in the Utilities sector often watch American Electric Power (AEP). Stability is the key trait associated with this ticker.
Deploying $171,428.57 is a serious step. Ensure AEP aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.