Ticker: XOM โข Yield: 3.2% โข Growth (5yr): 3.5%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $187,500. But if XOM grows its dividend by 3.5% 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 | $193,500 | +$516/mo |
| Year 3 | $206,082 | +$550/mo |
| Year 5 | $219,482 | +$585/mo |
| Year 10 | $256,920 | +$685/mo |
๐ฅ Health Insurance premiums covered. Peace of mind secured.
Wondering how much capital you need for $500.00/month? By investing about $187,500.00 in Exxon Mobil (XOM), you could theoretically hit that mark. This calculation utilizes the current trailing yield of 3.20%.
Exxon Mobil (XOM) is a key player in the Energy sector. It is generally viewed as a stable income generator.
Deploying $187,500.00 is a serious step. Ensure XOM aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.