Despite falling 16.5% so far in 2022, the JB Hi-Fi Limited (ASX: JBH) share price has gained modest value over the past five years — up by almost 65%.
The retailer's shares hit an all-time high of $56.85 on 30 March but have since tumbled due to extreme market volatility and negative sentiment.
Investors have expressed their concerns about a possible recession due to high inflation levels and rate hikes by the Reserve Bank.
For context, the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) is down by 21% this year.
Nevertheless, while the JB Hi-Fi share price trades near 52-week lows, have the dividends been worthwhile over the long term?
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JB Hi-Fi dividend history
Regardless of the company's recent share price weakness, the JB Hi-Fi board has continued to increase its dividends to shareholders.
Below, we take a look at the past five years' worth of dividends from JB Hi-Fi.
- September 2017 – 46 cents (final)
- March 2018 – 86 cents (interim)
- September 2018 – 46 cents (final)
- March 2019 – 91 cents (interim)
- September 2019 – 51 cents (final)
- March 2020 – 99 cents (interim)
- September 2020 – 90 cents (final)
- March 2021 – $1.80 (interim)
- September 2021 – $1.07 (final)
- March 2022 – $1.63 (interim).
Calculating the above JB Hi-Fi dividends since 2017 gives us a total figure of $9.59 for every share owned. That's almost a quarter of the value of JB Hi-Fi's last traded share price – $40.77.
Even without factoring in the 63.7% capital gain delivered to investors since 2017, the JB Hi-Fi dividend has shown its worth – particularly since 2021.
JB Hi-Fi share price snapshot
Over the past 12 months, JB Hi-Fi shares have lost 15% following tough macroenvironmental conditions.
JB Hi-Fi has a dividend yield of 6.62% which is one of the highest yields for an ASX 200 company.
In terms of market capitalisation, the company is valued at approximately $4.45 billion.
