The IGO Ltd (ASX: IGO) share price has nearly tripled over the last five years.
The stock was trading at just $4.92 in May 2018. That means a $3,000 investment at that point in time would have seen a buyer walking away with 609 IGO shares.
Today, that holding would be worth an eye-popping $8,757.
The IGO share price last traded at $14.38, marking a 192% gain for the period.
For comparison, the S&P/ASX 200 Index (ASX: XJO) has lifted just 18% since May 2018.
While the ASX 200 critical metals producer outperformed the index 10 times over, it also continued to post regular dividends.
Letâs take a look at all the passive income our figurative investment in IGO shares has provided over its life.
All dividends paid to those invested in IGO shares since 2018
Here are all the dividends the ASX 200 company has provided over the last five years:
| IGO dividendsâ pay date | Type | Dividend amount |
| March 2023 | Interim | 14 cents |
| September 2022 | Final | 5 cents |
| March 2022 | Interim | 5 cents |
| September 2021 | Final | 10 cents |
| September 2020 | Final | 5 cents |
| February 2020 | Interim | 6 cents |
| September 2019 | Final | 8 cents |
| March 2019 | Interim | 2 cents |
| September 2018 | Final | 2 cents |
| Total: | 57 cents |
As the chart shows, each IGO share has yielded 57 cents of passive income since May 2018. That means our $3,000 investment has brought in $347.13 over its life.
Factoring in both the companyâs share price gains and dividends, an investment in the stock five years ago has likely provided a total return on investment (ROI) of nearly 204%.
And thatâs before considering the potential compounding an investor might have realised if they were to have reinvested their dividends, using them to buy more IGO shares.
Not to mention, the franking credits offered alongside many of the companyâs dividends might have provided further benefits for some shareholders at tax time.
Right now, IGO shares are trading with a 1.3% dividend yield.
The post Snapped up $3,000 of IGO shares 5 years ago? Hereâs how much passive income your investment has brought in appeared first on The Motley Fool Australia.
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More reading
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- ASX lithium shares: Short-term pain for long-term gain?
- IGO share price lifts on news of record quarterly profit
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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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