Ticker: ED โข Yield: 3.6% โข Growth (5yr): 2.5%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $166,666.67. But if ED grows its dividend by 2.5% 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 | $172,667 | +$518/mo |
| Year 3 | $185,322 | +$556/mo |
| Year 5 | $198,906 | +$597/mo |
| Year 10 | $237,381 | +$712/mo |
๐ Car payment? Gone. You're effectively driving for free.
Planning for a reliable $500.00 monthly income stream? Using Consolidated Edison (ED), you'd need approximately $166,666.67 invested today. We base this on its recent trailing yield of 3.60%.
Traded as ED, Consolidated Edison operates within the Utilities space. Many portfolios hold it for consistency.
From an investment angle, committing $166,666.67 requires conviction in ED's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.