There’s a NZ company I invest in ($SPK) so if the div yield is 6.91% is it correct to assume a $50,000 investment ($5.21 per share @ 9597 shares) would be worth roughly $310,000 in a 30 year holding period with the conservative assumption that the stocks price will stay the same (it probably will increase but I’d rather underestimate) and all the dividends made will be reinvested to buy more shares?
Or is my math incorrect?
[link] [comments] https://www.reddit.com/r/stocks/comments/13dgvii/is_the_maths_correct/
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