Did you buy $1,000 of IGO shares 10 years ago? If so, here’s how much dividend income you’ve earned

The IGO Ltd (ASX: IGO) share price has had a ripper decade, surging 208% since February 2013. But how much has the mining giant returned if we also factor in its dividends?

If one were to have bought $1,000 of IGO shares 10 years ago, they probably would have ended up with 210 shares, paying $4.75 apiece.

The value of that parcel has exploded over the years. The IGO share price currently trades at $14.64, leaving a 210-strong-parcel with a value of $3,074.40.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has risen around 51% in that time.

But how much have those invested in the ASX 200 mining share received in dividends? Let’s take a look.

All the dividends offered by IGO shares since 2013

Here are all the dividends offered by IGO since early 2013:

As the chart above shows, those invested in IGO stock have likely received 66.5 cents of passive income per share they’ve held over the decade just been.

That means our figurative $1,000 investment has probably yielded $129.15 of dividend income – a minuscule amount compared to the capital gains on the table in that time.

Though, it is enough to boost our imaginary investor’s total return on investment (ROI) to around 221%, before considering any tax benefits potentially brought about by franking credits.

Still, it’s likely little surprise that IGO shares aren’t typically heralded for their dividends. The stock currently offers a mere 0.68% dividend yield.

The post Did you buy $1,000 of IGO shares 10 years ago? If so, here’s how much dividend income you’ve earned 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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