Ticker: NEE โข Yield: 2.8% โข Growth (5yr): 10.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $214,285.71. But if NEE grows its dividend by 10.0% 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 |
๐ฅ Health Insurance premiums covered. Peace of mind secured.
Looking to cover $500.00 in monthly bills with dividends? By investing about $214,285.71 in NextEra Energy (NEE), you could theoretically hit that mark. Note that this math relies on a 2.80% yield.
Traded as NEE, NextEra Energy operates within the Utilities space. It is generally viewed as a stable income generator.
Deploying $214,285.71 is a serious step. Ensure NEE aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.