Bought $1,000 of Suncorp shares 10 years ago? Here's how much passive income you've received

Have Suncorp's dividends really bolstered the stock's 10-year return to over 70%?

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Key points

  • The Suncorp share price has lifted 11% over the last 10 years to trade at $12.80 at Thursday's close
  • That's compared to the ASX 200's 47% gain in that time
  • Fortunately, the financial giant's dividends have made up for its stock's sluggishness

The Suncorp Group Ltd (ASX: SUN) share price has lifted nearly 11% over the last 10 years.

An investor buying $1,000 worth of the company's stock in February 2013 likely would have walked away with 86 shares, paying $11.54 apiece.

Today, that parcel would be worth $1,100.80. The Suncorp share price closed Thursday's session at $12.80.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has lifted 47% in that time.

So, have the dividends on offer from the financial services conglomerate made up for its stock's sluggish performance? Let's take a look.

All the dividends offered by Suncorp shares since 2013

Here are all the dividends paid to those invested in Suncorp shares over the last 10 years:

Suncorp dividends' pay dateTypeDividend amount
September 2022Final17 cents
April 2022Interim23 cents
September 2021Final and special40 cents and 8 cents
April 2021Interim26 cents
October 2020Final10 cents
March 2020Interim26 cents
September 2019Final44 cents
May 2019Special8 cents
April 2019Interim26 cents
September 2018Final and special40 cents and 8 cents
April 2018Interim33 cents
September 2017Final40 cents
April 2017Interim33 cents
September 2016Final38 cents
April 2016Interim30 cents
September 2015Final and special38 cents and 12 cents
April 2015Interim38 cents
October 2014Final and special40 cents and 30 cents
April 2014Interim35 cents
October 2013Final and special30 cents and 20 cents
April 2013Interim25 cents
Total: $7.18

As the chart above shows, Suncorp has paid $7.18 of dividends per share since February 2013.

That means our figurative parcel has likely yielded $617.48 of passive income in that time, bringing our return on investment (ROI) to 73%.

And that's before considering the potential tax benefits the company's fully franked dividends could have brought, or the further gains compounding those dividends could have brought.

Right now, Suncorp shares are trading with a 3.1% dividend yield.

And eager passive income investors won't have to wait much longer to receive another payout.

Suncorp declared a 33 cent per share interim dividend last week. That will be paid late next month.

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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