Stocked up on $1,000 of Santos shares 10 years ago? If so, here's how much dividend income you've earned

The Santos share price has underperformed over the last decade. Have the dividends made up for it?

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Key points

  • The Santos share price has had a rough decade, falling 30% in that time to trade at $7.36
  • Meanwhile, the energy giant has been offering dividends to shareholders
  • But have the payouts been enough to offset the stock's poor performance?

The last decade has likely disappointed those invested in Santos Ltd (ASX: STO) shares.

If one were to have poured $1,000 into the S&P/ASX 200 Index (ASX: XJO) energy stock in January 2013, they likely would have walked away with 94 shares and $8 change, having paid $10.55 apiece.

Today, that parcel would be worth just $691.84. The Santos share price closed Monday's session at $7.36 – 30.2% lower than it was 10 years ago.

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

For comparison, the ASX 200 has gained around 54% in that time.

But have the oil and gas giant's dividends made up for its stock's poor performance? Let's take a look.

How much have Santos shares paid in dividends since 2013?

Here are all the dividends those invested in Santos shares have received over the last decade:

Santos dividends' pay dateTypeDividend amount
September 2022Interim10.9 cents
March 2022Final11.8 cents
September 2021Interim7.7 cents
March 2021Final6.3 cents
September 2020Interim2.9 cents
March 2020Final7.6 cents
September 2019Interim8.9 cents
March 2019Final8.6 cents
September 2018Interim4.8 cents
March 2016Final5 cents
September 2015Interim15 cents
March 2015Final15 cents
September 2014Interim20 cents
March 2014Final15 cents
September 2013Interim15 cents
March 2013Final15 cents
Total: $1.695

As the chart above shows, the last decade has been a wild ride for Santos dividends.

The company paid out as much as 20 cents per share between 2013 and 2015, after which a change in its dividend framework saw it paying out at least 40% of its underlying net profits, subject to business conditions. The energy giant then forewent offering dividends for much of 2016, 2017, and 2018 as it worked to reduce debt.

Ultimately, those invested in Santos shares have received a total of approximately $1.695 per security over the last decade. That leaves our figurative investor having realised $159.33 of passive income over the life of their holding.

Meaning, even considering dividends, those who invested in Santos shares in January 2013 are still 14.2% in the red.

Though, it's worth mentioning most of Santos' dividends in that time have been fully franked, potentially allowing investors to realise additional benefits at tax time.

Right now, Santos shares are trading with a 3.09% 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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