Ticker: CL โข Yield: 2.3% โข Growth (5yr): 3.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $260,869.57. But if CL grows its dividend by 3.0% 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 | $266,870 | +$512/mo |
| Year 3 | $279,287 | +$535/mo |
| Year 5 | $292,282 | +$560/mo |
| Year 10 | $327,476 | +$628/mo |
โ๏ธ Weekend getaway! You can fly somewhere nice every quarter.
Is your goal to generate $500.00 every month passively? Using Colgate-Palmolive (CL), you'd need approximately $260,869.57 invested today. Note that this math relies on a 2.30% yield.
Traded as CL, Colgate-Palmolive operates within the Consumer Staples space. Many portfolios hold it for consistency.
Deploying $260,869.57 is a serious step. Ensure CL aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.