Ticker: FAST โข Yield: 2.2% โข Growth (5yr): 12.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $272,727.27. But if FAST grows its dividend by 12.0% 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 | $278,727 | +$511/mo |
| Year 3 | $291,126 | +$534/mo |
| Year 5 | $304,077 | +$557/mo |
| Year 10 | $339,030 | +$622/mo |
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Planning for a reliable $500.00 monthly income stream? Based on the yield of Fastenal Company (FAST), your target portfolio size is around $272,727.27. Note that this math relies on a 2.20% yield.
Fastenal Company (FAST) is a key player in the Industrials sector. Many portfolios hold it for consistency.
Why FAST? Because at $272,727.27 capital, yield stability becomes your best friend.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.