Ticker: PM โข Yield: 5.1% โข Growth (5yr): 3.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $117,647.06. But if PM grows its dividend by 3.0% 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 | $123,647 | +$525/mo |
| Year 3 | $136,581 | +$580/mo |
| Year 5 | $150,867 | +$641/mo |
| Year 10 | $193,468 | +$822/mo |
๐ฅ Health Insurance premiums covered. Peace of mind secured.
Looking to cover $500.00 in monthly bills with dividends? By investing about $117,647.06 in Philip Morris International (PM), you could theoretically hit that mark. This figure assumes the yield holds steady at 5.10%.
Investors in the Consumer Staples sector often watch Philip Morris International (PM). Many portfolios hold it for consistency.
Deploying $117,647.06 is a serious step. Ensure PM aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.