Ticker: DIVO โข Yield: 4.6% โข Growth (5yr): 5.5%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $130,434.78. But if DIVO grows its dividend by 5.5% 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 | $136,435 | +$523/mo |
| Year 3 | $149,275 | +$572/mo |
| Year 5 | $163,325 | +$626/mo |
| Year 10 | $204,508 | +$784/mo |
๐ฅ Health Insurance premiums covered. Peace of mind secured.
Looking to cover $500.00 in monthly bills with dividends? By investing about $130,434.78 in Amplify CWP Enhanced Dividend Income (DIVO), you could theoretically hit that mark. We base this on its recent trailing yield of 4.60%.
Investors in the Covered Call ETF sector often watch Amplify CWP Enhanced Dividend Income (DIVO). Stability is the key trait associated with this ticker.
From an investment angle, committing $130,434.78 requires conviction in DIVO's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.