Hello everyone, as I wrote in my article about General Electric (GE) a couple of days ago I am seeing a potential buy in this stock in the next couple of days. So I finally did invest some money in that company. For me, it is a good investment at the moment although future growth will not be that big.
After all, I bought 95 shares at a price of 24.58 USD, this makes it a yield of 3.90%. It will add 91.20 USD to my annual dividend income, considering a dividend of 0.96 USD.
How much dividend income am I expecting in the future
As you can see above with a stable dividend increase of 2.0% per year, the dividend income will be on a stable level in the next couple of years. At the same time, I am not expecting any high growth rates as well, that’s why I am assuming a low rate of only 2.0%.
My goal until the end of 2017 is to have a dividend income of 1 400 EUR after tax.
Please be aware this might vary considering the changes in the exchange rate USD to EUR.
