If youâre a fan of S&P/ASX 200 Index (ASX: XJO) banks, youâre likely aware the Bendigo and Adelaide Bank Ltd (ASX: BEN) share price has struggled over the last five years.
The stock has fallen 22% in that time. That’s compared to the ASX 200âs 18% gain and the S&P/ASX 200 Financials Index (ASX: XFJ)âs 1% slump.
An investor who bought $6,000 worth of shares in the regional bank in May 2018 likely would have walked away with 558 securities, paying $10.74 apiece.
Today, that parcel would be worth $4,687.20. The Bendigo Bank share price last traded at $8.40.
But Bendigo Bank has been a relatively consistent dividend payer in that time. Could the passive income provided by the banking stock have made up for its sluggish performance?
All dividends paid to owners of Bendigo Bank shares since 2018
Here is all the dividend income provided to those holding Bendigo Bank shares since May 2018:
| Bendigo Bank dividendsâ pay date | Type | Dividend amount |
| March 2023 | Interim | 29 cents |
| September 2022 | Final | 26.5 cents |
| March 2022 | Interim | 26.5 cents |
| September 2021 | Final | 26.5 cents |
| March 2021 | Interim | 28 cents |
| March 2020 | Interim | 31 cents |
| September 2019 | Final | 35 cents |
| March 2019 | Interim | 35 cents |
| September 2018 | Final | 35 cents |
| Total: | $2.725 |
As the chart above shows, each Bendigo Bank share has yielded $2.725 of dividend income since May 2018.
That means our figurative parcel has likely provided $1,520.55 of passive income.
Considering both the stockâs tumble and the dividends provided to investors over the last five years, our imagined investor has realised a total return on investment (ROI) of 3.6%.
While thatâs certainly not mind-blowing, Iâd argue itâs better than a loss!
Itâs also worth considering the fact that all the dividends paid by the bank in that time have been fully franked. Thus, they might have brought about additional benefits for some investors come tax time.
Right now, Bendigo Bank shares offer a notable 6.6% dividend yield.
The post Did you buy $6,000 of Bendigo Bank shares 5 years ago? If so, hereâs how much dividend income youâve realised 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 Bendigo And Adelaide Bank. 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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