Invested $1,000 in Mineral Resources shares 10 years ago? Here's how much passive income you've made

Has the ASX 200 mining share really returned more than 900% over the last 10 years?

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Key points

  • The Mineral Resources share price has rocketed a whopping 841% over the last 10 years to trade at $94.20 today
  • Meanwhile, the mining giant has been a consistent dividend payer
  • In fact, factoring in its dividends leaves the stock with a return on investment of over 900% in that time

If you bought Mineral Resources Ltd (ASX: MIN) shares in January 2013, you're likely pretty happy with your investment.

The ASX mining stock has been a sure-fire winner in that time, leaping around 841%.Indeed, an investor who bought $1,000 of Mineral Resources shares 10 years ago likely walked away with 99 stocks, paying $10.01 apiece.

Today, the share is trading at $94.20 – leaving the figurative parcel with a value of $9,325.80.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has gained around 54% in that time.

But how much have shareholders received when we also factor in the materials giant's dividends? Let's take a look.

All dividends offered by Mineral Resources shares since 2013

Let's take a look at all the dividends offered by the ASX 200 mining giant over the last 10 years:

MinRes dividends' pay dateTypeDividend amount
September 2022Final$1
August 2021Final$1.75
February 2021Interim$1
August 2020Final77 cents
March 2020Interim23 cents
September 2019 Final31 cents
March 2019Interim13 cents
September 2018Final40 cents
February 2018Interim25 cents
August 2017Final33 cents
February 2017Interim21 cents
September 2016Final21 cents
February 2016Interim8.5 cents
September 2015Final15 cents
March 2015Interim7.5 cents
September 2014Final32 cents
March 2014Interim30 cents
September 2013Final32 cents
March 2013Interim16 cents
Total: $8

Each Mineral Resources share has paid out $8 of dividends over the last decade. That means our 99-share-strong parcel has likely yielded $792 of passive income in that time.

That sees our figurative total return on investment (ROI), including both dividends and share price increases, soaring to a whopping 921%.

Just imagine the gains an investor might have realised had they reinvested their dividends in the company's stock, thereby compounding their earnings.

Not to mention, all Mineral Resources' dividends in that time have been fully franked. Thus, they might have provided even more benefits come tax time.

Right now, shares in Mineral Resources boast a modest 1.06% 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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