Invested $5,000 in Wesfarmers shares 5 years ago? Here’s how much passive income you’ve earned

Happy woman holding $50 Australian notesHappy woman holding $50 Australian notes

The last five years have been a wild ride for those invested in Wesfarmers Ltd (ASX: WES) shares.

The stock rocketed from around $30 in March 2018 (accounting for the spin-out of Coles Group Ltd (ASX: COL)) to a high of over $66 in August 2021. Today, it’s trading at $48.44 – marking a 61.5% return.

But what happens when we factor in the company’s dividends? Let’s take a look.

All dividends paid to those holding Wesfarmers shares since 2018

Here are all the offerings handed to the S&P/ASX 200 Index (ASX: XJO) retail conglomerate’s shareholders over the last five years:

Wesfarmers dividends’ pay date Type Dividend amount
October 2022 Final $1
March 2022 Interim 80 cents
October 2021 Final 90 cents
March 2021 Interim 88 cents
October 2020 Final 77 cents
October 2020 Special 18 cents
March 2020 Interim 75 cents
October 2019 Final 78 cents
April 2019 Interim $1
 April 2019 Special $1
September 2018 Final $1.20
April 2018 Interim $1.03
Total:   $10.29

As readers can see, each Wesfarmers share has yielded around $10.29 of dividends since March 2018.

That means our figurative parcel has likely provided $1,708.14 of passive income in that time.

Of course, it’s also worth remembering the spin-out of Coles Group Ltd (ASX: COL) in late 2018. Wesfarmers shareholders received 1 Coles share for each stock in the parent company they held. The Coles share price is currently $17.59.

Not to mention, all the dividends offered by the ASX 200 icon in that time have been fully franked. That means they could have brought additional benefits at tax time.

Wesfarmers shares currently boast a 3.72% dividend yield.

Excitingly, the company’s next dividend will be paid in a little over a week. Its 88 cents per share interim dividend will hit shareholders’ accounts from 28 March.

The post Invested $5,000 in Wesfarmers shares 5 years ago? Here’s how much passive 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 positions in and has recommended Coles Group and Wesfarmers. 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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