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

The iron ore giant has more than doubled investors' money over the past decade.

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Key points

  • The Rio Tinto share price has gained 77% over the last 10 years to trade at $114.81 right now
  • Meanwhile, the iron ore giant has been a consistent dividend payer 
  • In fact, considering both its dividends and capital gains, the stock boasts a 10-year return on investment of around 160%

Those invested in Rio Tinto Limited (ASX: RIO) shares have likely had a good year. The stock has lifted 15% since the start of 2022.

But those who have held the S&P/ASX 200 Index (ASX: XJO) iron ore giant's stock for longer – say 10 years – have realised far greater gains.

The Rio Tinto share price has outperformed over the last decade. If one were to have bought $1,000 of Rio Tinto shares in December 2012, they likely would have walked away with 15 shares, paying around $65 apiece, and $25 change.

Today, that parcel would be worth $1,722.15. The Rio Tinto share price is currently $114.81 – 77% higher than it was 10 years ago.

Created with Highcharts 11.4.3Rio Tinto Group PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.com.au

For comparison, the ASX 200 has gained around 56% in that time.

But what about the company's dividends? Here's how a long-term investor's money would have worked for them over the last decade.

How much have Rio Tinto shares paid in dividends in 10 years?

Here're all the dividends handed out by Rio Tinto over the last decade, rounded to the nearest whole cent: 

NAB dividends' pay dateTypeDividend amount
September 2022Interim$3.84
April 2022Final and special$5.77 and 86 cents
September 2021Interim and special$5.09 and $2.51
April 2021Final and special$3.97 and $1.20
September 2020Interim$2.16
April 2020Final$3.50
September 2019Interim and special$2.19 and 89 cents
April 2019Final and special$2.51 and $3.39
September 2018Interim$1.71
April 2018Final$2.29
September 2017Interim$1.38
April 2017Final$1.64
September 2016Interim59 cents
April 2016Final$1.52
September 2015Interim$1.45
April 2015Final$1.53
September 2014Interim$1.03
April 2014Final$1.20
September 2013Interim93 cents
April 2013Final92 cents
Total: $54.07

All up, one Rio Tinto share would have seen an investor cash in around $54.07 of fully franked dividends over the last decade.

That means our figurative $975 investment would have yielded $811.05 of passive income. That's certainly nothing to scoff at!

If we also consider the gains posted by the Rio Tinto share price, the stock's approximate return on investment over the last 10 years comes in at a whopping 160%.

That could have been even higher if our figurative investor had compounded their dividends, perhaps using the company's dividend reinvestment plan (DRP).

Right now, Rio Tinto shares are trading with an 8.37% dividend yield.

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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