Ticker: MDT โข Yield: 3.3% โข Growth (5yr): 8.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $181,818.18. But if MDT grows its dividend by 8.0% 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 | $187,818 | +$516/mo |
| Year 3 | $200,419 | +$551/mo |
| Year 5 | $213,865 | +$588/mo |
| Year 10 | $251,559 | +$692/mo |
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Is your goal to generate $500.00 every month passively? With Medtronic (MDT), a capital allocation of roughly $181,818.18 could get you there. This calculation utilizes the current trailing yield of 3.30%.
Traded as MDT, Medtronic operates within the Healthcare space. Many portfolios hold it for consistency.
From an investment angle, committing $181,818.18 requires conviction in MDT's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.