Ticker: BNS โข Yield: 6.5% โข Growth (5yr): 4.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $92,307.69. But if BNS grows its dividend by 4.0% 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 | $98,308 | +$532/mo |
| Year 3 | $111,503 | +$604/mo |
| Year 5 | $126,470 | +$685/mo |
| Year 10 | $173,274 | +$939/mo |
๐ฅ Health Insurance premiums covered. Peace of mind secured.
Planning for a reliable $500.00 monthly income stream? Using Bank of Nova Scotia (BNS), you'd need approximately $92,307.69 invested today. We base this on its recent trailing yield of 6.50%.
Traded as BNS, Bank of Nova Scotia operates within the Financials space. It is generally viewed as a stable income generator.
Deploying $92,307.69 is a serious step. Ensure BNS aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.