Ticker: AVGO โข Yield: 1.7% โข Growth (5yr): 15.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $352,941.18. But if AVGO grows its dividend by 15.0% 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 | $358,941 | +$508/mo |
| Year 3 | $371,249 | +$526/mo |
| Year 5 | $383,979 | +$544/mo |
| Year 10 | $417,746 | +$592/mo |
๐ Car payment? Gone. You're effectively driving for free.
Looking to cover $500.00 in monthly bills with dividends? Based on the yield of Broadcom Inc. (AVGO), your target portfolio size is around $352,941.18. We base this on its recent trailing yield of 1.70%.
Traded as AVGO, Broadcom Inc. operates within the Technology space. It is often looked at for a blend of growth and income.
From an investment angle, committing $352,941.18 requires conviction in AVGO's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.