Ticker: AMP โข Yield: 1.4% โข Growth (5yr): 11.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $428,571.43. But if AMP grows its dividend by 11.0% 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 | $434,571 | +$507/mo |
| Year 3 | $446,825 | +$521/mo |
| Year 5 | $459,423 | +$536/mo |
| Year 10 | $492,496 | +$575/mo |
โ๏ธ Weekend getaway! You can fly somewhere nice every quarter.
Is your goal to generate $500.00 every month passively? Using Ameriprise Financial (AMP), you'd need approximately $428,571.43 invested today. This figure assumes the yield holds steady at 1.40%.
Investors in the Financials sector often watch Ameriprise Financial (AMP). Stability is the key trait associated with this ticker.
From an investment angle, committing $428,571.43 requires conviction in AMP's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.