It's likely no surprise that S&P/ASX 200 Index (ASX: XJO) materials share-turned-lithium favourite Mineral Resources Limited (ASX: MIN) has been on a good run lately.
The stock has surged 77% over the last 12 months and a whopping 320% over the last five years. As of Monday's close, the Mineral Resources share price was $76.08.
But its recent gains have nothing on those the mining share has posted over its listed life.
Here's what $15,000 invested in Mineral Resources shares at the time of the company's ASX float would have returned by 2022.
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The ASX 200 lithium share that turned $15,000 into $1.4m
Long before the establishment of Mineral Resources' lithium leg – which could be spun out in the future – the mining giant listed on the ASX, offering new shares for just 90 cents under its initial public offering (IPO).
That's right, a $15,000 investment in the company's 2006 IPO would see a shareholder boasting a parcel of 16,666 shares in the ASX 200 lithium icon.
Today, that parcel would be worth a jaw-dropping $1.27 million – representing a mammoth 8,353% gain. And that's before considering the company's dividends.
Mineral Resources has been handing out a portion of its profits in the form of dividends since November 2006.
Back then, it handed shareholders just 1.2 cents per share. For comparison, the stock's latest dividend was worth $1 per share.
Over the years, Mineral Resources has paid out a total of $9.562 per share of fully franked dividends.
That means an investor who held 16,666 Mineral Resources shares since 2006 would have received around $159,360.29 in dividends over that time.
And that's before considering potential benefits brought by franking credits or compounding from participating in the company's dividend reinvestment plan – active since 2011.
All in all, an initial $15,000 investment at the ASX 200 lithium share's IPO would have returned a total of $1.43 million as of Monday's close. That's certainly nothing to scoff at!
