The last 10 years have been a rollercoaster for Magellan Financial Group Ltd (ASX: MFG) shares.

They rocketed more than 800% over seven years to peak in February 2020, trading at over $70 apiece. Since then, however, the stock has crumbled, falling 88% to $8.56 at Tuesday’s close.

If one were to have invested $1,000 in Magellan shares in early March 2013, they likely would have walked away with 133 securities, paying $7.50 apiece.

 Today, that parcel would be worth $1,138.48. That marks a 14% gain over the last 10 years.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has risen around 43% in that time.

But what about the regular dividends offered by the embattled financial giant?

All dividends offered by Magellan shares over the last 10 years

Here are all the dividends offered by Magellan since March 2013:

Magellan dividends’ pay date	Type	Dividend amount
September 2022	Final	68.9 cents
March 2022	Interim	$1.101
September 2021	Final	$1.141
February 2021	Interim	97.1 cents
August 2020	Final	$1.22
February 2020	Interim	92.9 cents
August 2019	Final	$1.114
February 2019	Interim	73.8 cents
August 2018	Final	90 cents
February 2018	Interim	44.5 cents
August 2017	Final	47.2 cents
March 2017	Interim	38.4 cents
August 2016	Final	38 cents
March 2016	Interim	51.3 cents
August 2015	Final	37.8 cents
March 2015	Interim	37.1 cents
September 2014	Final	21.8 cents
March 2014	Interim	16.5 cents
October 2013	Final	16.5 cents
Total:		$12.294

As the above chart shows, each Magellan share has provided around $12.29 of dividends over the last 10 years.

That means our figurative investment has likely paid out around $1,635.10 of passive income over its life – more than the initial investment!

At that rate, the total return on investment (ROI) boasted by Magellan shares over the last 10 years is around 178%. Though, past performance isn’t an indication of future performance.

And that’s before we consider any potential tax benefits offered from the company’s regularly franked payouts.

The ASX 200 stock is currently trading with a 20.9% trailing dividend yield. Though, that’s largely due to the 46% tumble experienced by the Magellan share price over the last 12 months.

Additionally, the company declared its next dividend last month. It will be worth 46.9 cents per share and is set to be paid next Wednesday.

The post Bought $1,000 of Magellan shares in 2013? Here’s how much passive income you’ve received appeared first on The Motley Fool Australia.

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More reading

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• Why Bapcor, Magellan, Sonic Healthcare, and Telstra shares are charging higher
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• Earnings preview: Here are the ASX shares reporting on Thursday
• Here are the top 10 ASX 200 shares today

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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