How to use this with source records
Start with the declared distribution, its period and the price used for your yield assumption. Keep regular and additional payments separate. A historical cash dividend paid is not automatically the current annualized dividend rate.
Read the Realty Income FY2024 filing lab to practice tracing paid distributions and their coverage; it is not a current-yield estimate.
The calculation
Annual gross income = investment × annual yield. After-withholding income = gross income × (1 − withholding rate). After-withholding yield as a decimal = annual yield (%) ÷ 100 × (1 − withholding (%) ÷ 100). Required capital = monthly target × 12 ÷ that decimal yield.
Check the arithmetic.
At 10,000 invested and a 5% yield, gross annual income is 500. At an assumed 15% withholding rate it is 425 after withholding, or a monthly equivalent of 35.42. A 500 monthly target would require about 141,176.47 under those unchanged assumptions.
Assumptions and limitations
The monthly figure is an average, not a payment calendar. Withholding is a user assumption, not your final tax rate. Excludes price changes, fees, currency movements and dividend cuts. Zero net yield cannot fund a positive income target.
The output is an educational scenario. It is not a forecast, a tax determination or a personalized investment recommendation.