Ticker: MO โข Yield: 8.3% โข Growth (5yr): 4.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $72,289.16. But if MO grows its dividend by 4.0% 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 | $78,289 | +$542/mo |
| Year 3 | $91,824 | +$635/mo |
| Year 5 | $107,700 | +$745/mo |
| Year 10 | $160,457 | +$1,110/mo |
โ๏ธ Weekend getaway! You can fly somewhere nice every quarter.
Wondering how much capital you need for $500.00/month? By investing about $72,289.16 in Altria Group (MO), you could theoretically hit that mark. Note that this math relies on a 8.30% yield.
Altria Group (MO) is a key player in the Consumer Staples sector. It is generally viewed as a stable income generator.
Deploying $72,289.16 is a serious step. Ensure MO aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.