Ticker: LMT โข Yield: 2.8% โข Growth (5yr): 7.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $214,285.71. But if LMT 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 | $220,286 | +$514/mo |
| Year 3 | $232,794 | +$543/mo |
| Year 5 | $246,013 | +$574/mo |
| Year 10 | $282,439 | +$659/mo |
๐ Car payment? Gone. You're effectively driving for free.
Is your goal to generate $500.00 every month passively? With Lockheed Martin (LMT), a capital allocation of roughly $214,285.71 could get you there. Note that this math relies on a 2.80% yield.
Lockheed Martin (LMT) is a key player in the Industrials sector. Stability is the key trait associated with this ticker.
Why LMT? Because at $214,285.71 capital, yield stability becomes your best friend.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.