Ticker: ITW โข Yield: 2.3% โข Growth (5yr): 7.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $260,869.57. But if ITW grows its dividend by 7.0% 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.
Dreaming of an extra $500.00 in monthly cash flow? Based on the yield of Illinois Tool Works (ITW), your target portfolio size is around $260,869.57. This calculation utilizes the current trailing yield of 2.30%.
Traded as ITW, Illinois Tool Works operates within the Industrials space. Stability is the key trait associated with this ticker.
Why ITW? Because at $260,869.57 capital, yield stability becomes your best friend.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.