Invested $1,000 in Mineral Resources shares 10 years ago? Here’s how much passive income you’ve made

If you bought Mineral Resources Ltd (ASX: MIN) shares in January 2013, you’re likely pretty happy with your investment.

The ASX mining stock has been a sure-fire winner in that time, leaping around 841%.Indeed, an investor who bought $1,000 of Mineral Resources shares 10 years ago likely walked away with 99 stocks, paying $10.01 apiece.

Today, the share is trading at $94.20 – leaving the figurative parcel with a value of $9,325.80.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has gained around 54% in that time.

But how much have shareholders received when we also factor in the materials giant’s dividends? Let’s take a look.

All dividends offered by Mineral Resources shares since 2013

Let’s take a look at all the dividends offered by the ASX 200 mining giant over the last 10 years:

Each Mineral Resources share has paid out $8 of dividends over the last decade. That means our 99-share-strong parcel has likely yielded $792 of passive income in that time.

That sees our figurative total return on investment (ROI), including both dividends and share price increases, soaring to a whopping 921%.

Just imagine the gains an investor might have realised had they reinvested their dividends in the company’s stock, thereby compounding their earnings.

Not to mention, all Mineral Resources’ dividends in that time have been fully franked. Thus, they might have provided even more benefits come tax time.

Right now, shares in Mineral Resources boast a modest 1.06% dividend yield.

The post Invested $1,000 in Mineral Resources shares 10 years ago? Here’s how much passive income you’ve made 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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