Ticker: HD โข Yield: 2.6% โข Growth (5yr): 15.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $230,769.23. But if HD grows its dividend by 15.0% 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 | $236,769 | +$513/mo |
| Year 3 | $249,241 | +$540/mo |
| Year 5 | $262,370 | +$568/mo |
| Year 10 | $298,299 | +$646/mo |
โ๏ธ Weekend getaway! You can fly somewhere nice every quarter.
Looking to cover $500.00 in monthly bills with dividends? Using Home Depot (HD), you'd need approximately $230,769.23 invested today. Note that this math relies on a 2.60% yield.
Traded as HD, Home Depot operates within the Consumer Discretionary space. Stability is the key trait associated with this ticker.
Deploying $230,769.23 is a serious step. Ensure HD aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.