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

It's been a rough decade for AMP shareholders.

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Key points

  • The AMP share price has had a tough decade, falling 70% over the last 10 years to close Friday at $1.40
  • Meanwhile, the company hasn't paid a regular dividend since 2019
  • But have those offered previously managed to offset the AMP share price's suffering?

Investors who bought AMP Ltd (ASX: AMP) shares at the start of 2022 have likely enjoyed a good year. The company's stock has gained 40% since early January.

However, those who have held the financial services stock in their portfolio for a longer period – say a decade – are probably less happy with their investment.

The AMP share price has tumbled 70% since December 2012. Back then, $1,000 would probably have bought an investor 212 shares, each valued at $4.70.

Today, 212 shares would be worth just $296.80. The AMP share price closed Friday's session at $1.40.

Created with Highcharts 11.4.3Amp PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.com.au

For comparison, the S&P/ASX 200 Index (ASX: XJO) has gained around 57% in that time.

But have the dividends offered by AMP offset the blow? Let's take a look.

How much have AMP shares paid in dividends in 10 years?

Here are all the dividends handed to those invested in AMP shares over the last 10 years:

AMP dividends' pay dateTypeDividend amount
October 2020Special10 cents
March 2019Final4 cents
September 2018Interim10 cents
March 2018Final14.5 cents
September 2017Interim14.5 cents
March 2017Final14 cents
October 2016Interim14 cents
April 2016Final14 cents
October 2015Interim14 cents
April 2015Final13.5 cents
October 2014Interim12.5 cents
April 2014Final11.5 cents
October 2013Interim11.5 cents
April 2013Final12.5 cents
Total: $1.705

If one were to have bought AMP shares in December 2012 and held onto their investment over the years to come, they likely would have received a total of $1.705 per share in dividends.

That means our figurative $1,000 investment would have returned $361.46 in that time – meaning a shareholder would still be $341.74 in the red.

As the chart above shows, AMP hasn't offered a regular dividend since 2019. Originally, the company said it would restart payouts on the sale of AMP Life, which occurred in 2020.

However, in the years since, it has chosen to forgo dividends in favour of maintaining balance sheet strength and conserving capital.  

Looking forward, the company expects to return the proceeds of the sale of Collimate Capital to shareholders. It also recently announced a $1.1 billion capital return.

Part of that is the company's current $350 million on-market buyback. The remaining $750 million is expected to be returned via a combination of capital return, special dividend, or further buybacks.

Additionally, some experts have tipped AMP shares to restart dividends on the release of the company's full-year results in February, as my Fool colleague Matthew reported in September.

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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