Ticker: TROW โข Yield: 4.2% โข Growth (5yr): 10.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $142,857.14. But if TROW 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 | $148,857 | +$521/mo |
| Year 3 | $161,624 | +$566/mo |
| Year 5 | $175,485 | +$614/mo |
| Year 10 | $215,565 | +$754/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 T. Rowe Price Group (TROW), your target portfolio size is around $142,857.14. Note that this math relies on a 4.20% yield.
Traded as TROW, T. Rowe Price Group operates within the Financials space. Stability is the key trait associated with this ticker.
From an investment angle, committing $142,857.14 requires conviction in TROW's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.