Ticker: MMM โข Yield: 5.8% โข Growth (5yr): 1.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $103,448.28. But if MMM grows its dividend by 1.0% 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 | $109,448 | +$529/mo |
| Year 3 | $122,512 | +$592/mo |
| Year 5 | $137,136 | +$663/mo |
| Year 10 | $181,794 | +$879/mo |
โ๏ธ Weekend getaway! You can fly somewhere nice every quarter.
Planning for a reliable $500.00 monthly income stream? Based on the yield of 3M Company (MMM), your target portfolio size is around $103,448.28. We base this on its recent trailing yield of 5.80%.
3M Company (MMM) is a key player in the Industrials sector. Stability is the key trait associated with this ticker.
Deploying $103,448.28 is a serious step. Ensure MMM aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.