I'm trying different dividend calculators and they are giving me dramatically different outcomes.
Here's my inputs
share price $73, number of shares= 100, expected dividend yield = 3.5%, annual contribution=$5000, tax rate 15%, expected annual dividend increase 8% expected annual share price increase 8%, DRIP is on
After 20 years:
Tipranks: end balance of $763,900 with annual dividend income of $108K
Forbes : end balance $732,000 with annual dividend of $83K
Market Beat: end balance $380,000 with annual dividend of $11.8K
Theres a few other calculators that give lower end amounts but close to market beat's calculations.
Depending on calculator, in 20 years, I'm either gonna have $10-$12K of annual dividends or $80-$100K of annual dividends. I feel like the issue is how the "snowball affect" is being calculated. But I'm not sure.