Ticker: PNW โข Yield: 4.4% โข Growth (5yr): 3.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $136,363.64. But if PNW 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 | $142,364 | +$522/mo |
| Year 3 | $155,167 | +$569/mo |
| Year 5 | $169,122 | +$620/mo |
| Year 10 | $209,751 | +$769/mo |
๐ฅ Health Insurance premiums covered. Peace of mind secured.
Looking to cover $500.00 in monthly bills with dividends? Based on the yield of Pinnacle West Capital (PNW), your target portfolio size is around $136,363.64. This figure assumes the yield holds steady at 4.40%.
Investors in the Utilities sector often watch Pinnacle West Capital (PNW). It is generally viewed as a stable income generator.
From an investment angle, committing $136,363.64 requires conviction in PNW's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.