Ticker: LEG โข Yield: 7.2% โข Growth (5yr): 3.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $83,333.33. But if LEG grows its dividend by 3.0% 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 | $89,333 | +$536/mo |
| Year 3 | $102,660 | +$616/mo |
| Year 5 | $117,976 | +$708/mo |
| Year 10 | $167,019 | +$1,002/mo |
๐ฅ Health Insurance premiums covered. Peace of mind secured.
Looking to cover $500.00 in monthly bills with dividends? Using Leggett & Platt (LEG), you'd need approximately $83,333.33 invested today. We base this on its recent trailing yield of 7.20%.
Traded as LEG, Leggett & Platt operates within the Industrials space. Investors should be wary of its higher-than-average risk profile.
Deploying $83,333.33 is a serious step. Ensure LEG aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.