Sunk $8,000 into Macquarie shares 5 years ago? Here’s how much dividend income you’ve received

Woman holding $100 Australian notes representing dividends.Woman holding $100 Australian notes representing dividends.

The Macquarie Group Ltd (ASX: MQG) share price has been a strong performer over the last five years, posting three times the gains of the broader S&P/ASX 200 Index (ASX: XJO).

Indeed, an $8,000 investment into the banking giant in April 2018 likely would have seen one walk away with 75 shares, having paid $105.52 apiece.

Today, that holding would be worth $13,622.25. The Macquarie share price last traded at $181.63 – 72% higher than it was five years ago.

For comparison, the ASX 200 has risen 24% in that time.

But what happens when we also factor Macquarie’s dividends into its returns? Keep reading to find out.

All dividends paid to those holding Macquarie shares since 2018

Here are all the dividends the banking giant has provided since April 2018:

Macquarie dividends’ pay date Type Dividend amount
December 2022 Interim $3
July 2022 Final $3.50
December 2021 Interim $2.72
July 2021 Final $3.35
December 2020 Interim $1.35
July 2020 Final $1.80
December 2019 Interim $2.50
July 2019 Final $3.60
December 2018 Interim $2.15
July 2018 Final $3.20
Total:   $27.17

As readers can see, each Macquarie share has yielded $27.17 of dividends since April 2018 That means our figurative parcel has likely provided $2,037.75 of passive income over its life.

Add that to its share price gains, and our total return on investment (ROI) becomes an impressive 98%.

And that’s before considering the potential compounding one might have realised if they reinvested their dividends, perhaps making the most of the company’s dividend reinvestment plan (DRP).

Not to mention, all of Macquarie’s offerings over that time have been partially franked. That means some investors might have reaped further rewards come tax time.

Right now, Macquarie shares are trading with a 3.58% dividend yield.   

The post Sunk $8,000 into Macquarie shares 5 years ago? Here’s how much dividend 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 positions in and has recommended Macquarie Group. 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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