Ticker: VZ โข Yield: 6.5% โข Growth (5yr): 2.0%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $92,307.69. But if VZ grows its dividend by 2.0% 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 | $98,308 | +$532/mo |
| Year 3 | $111,503 | +$604/mo |
| Year 5 | $126,470 | +$685/mo |
| Year 10 | $173,274 | +$939/mo |
โ๏ธ Weekend getaway! You can fly somewhere nice every quarter.
Dreaming of an extra $500.00 in monthly cash flow? With Verizon Communications (VZ), a capital allocation of roughly $92,307.69 could get you there. This figure assumes the yield holds steady at 6.50%.
Traded as VZ, Verizon Communications operates within the Telecommunications space. It is generally viewed as a stable income generator.
From an investment angle, committing $92,307.69 requires conviction in VZ's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.