Ticker: PG โข Yield: 2.5% โข Growth (5yr): 5.5%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $240,000. But if PG grows its dividend by 5.5% 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 | $246,000 | +$512/mo |
| Year 3 | $258,454 | +$538/mo |
| Year 5 | $271,538 | +$566/mo |
| Year 10 | $307,220 | +$640/mo |
๐ Car payment? Gone. You're effectively driving for free.
Looking to cover $500.00 in monthly bills with dividends? Based on the yield of Procter & Gamble (PG), your target portfolio size is around $240,000.00. Note that this math relies on a 2.50% yield.
Investors in the Consumer Staples sector often watch Procter & Gamble (PG). Stability is the key trait associated with this ticker.
Deploying $240,000.00 is a serious step. Ensure PG aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.