Bought $1,000 of Suncorp shares 10 years ago? Here’s how much passive income you’ve received

A blockchain investor sits at his desk with a laptop computer open and a phone checking information from a booklet in a home office setting.A blockchain investor sits at his desk with a laptop computer open and a phone checking information from a booklet in a home office setting.

The Suncorp Group Ltd (ASX: SUN) share price has lifted nearly 11% over the last 10 years.

An investor buying $1,000 worth of the company’s stock in February 2013 likely would have walked away with 86 shares, paying $11.54 apiece.

Today, that parcel would be worth $1,100.80. The Suncorp share price closed Thursday’s session at $12.80.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has lifted 47% in that time.

So, have the dividends on offer from the financial services conglomerate made up for its stock’s sluggish performance? Let’s take a look.

All the dividends offered by Suncorp shares since 2013

Here are all the dividends paid to those invested in Suncorp shares over the last 10 years:

Suncorp dividends’ pay date Type Dividend amount
September 2022 Final 17 cents
April 2022 Interim 23 cents
September 2021 Final and special 40 cents and 8 cents
April 2021 Interim 26 cents
October 2020 Final 10 cents
March 2020 Interim 26 cents
September 2019 Final 44 cents
May 2019 Special 8 cents
April 2019 Interim 26 cents
September 2018 Final and special 40 cents and 8 cents
April 2018 Interim 33 cents
September 2017 Final 40 cents
April 2017 Interim 33 cents
September 2016 Final 38 cents
April 2016 Interim 30 cents
September 2015 Final and special 38 cents and 12 cents
April 2015 Interim 38 cents
October 2014 Final and special 40 cents and 30 cents
April 2014 Interim 35 cents
October 2013 Final and special 30 cents and 20 cents
April 2013 Interim 25 cents
Total:   $7.18

As the chart above shows, Suncorp has paid $7.18 of dividends per share since February 2013.

That means our figurative parcel has likely yielded $617.48 of passive income in that time, bringing our return on investment (ROI) to 73%.

And that’s before considering the potential tax benefits the company’s fully franked dividends could have brought, or the further gains compounding those dividends could have brought.

Right now, Suncorp shares are trading with a 3.1% dividend yield.

And eager passive income investors won’t have to wait much longer to receive another payout.

Suncorp declared a 33 cent per share interim dividend last week. That will be paid late next month.

The post Bought $1,000 of Suncorp shares 10 years ago? Here’s how much passive income you’ve received appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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