The ASX 200 share than turned a $5,000 investment into $2,400 of passive income in 2022

This coal stock has cemented itself as a 2022 winner.

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Key points
  • Coal miner Coronado Global Resources rallied in 2022, bolstering its dividends while the market bolstered its share price
  • The now-ASX 200 stock has gained 65% since the end of last year
  • Meanwhile, it paid nearly 60 cents per share in dividends over the course of 2022

It's been a good year for those invested in Coronado Global Resources Inc (ASX: CRN). The coal miner has defied expectations this year – its shares have gained 59% since their first close of 2022, it was admitted to the S&P/ASX 200 Index (ASX: XJO), and it resumed paying dividends with a bang.

In fact, a $5,000 investment in Coronado Global Resources on the final session of 2021 would have paid out more than $2,400 of passive income in 2022.

Let's take a closer look at the coal share that turned into a dividend machine this year.

A mining worker clenches his fists celebrating success at sunset in the mine.

Image source: Getty Images

The ASX 200 share that gave over 110% in 2022

If you bought shares in Coronado Global Resources in late 2021, you've likely realised some major returns in 2022.

The stock hit a low of $1.24 on 31 December 2021. At that point in time, a $5,000 investment would have bought 4,032 shares in the coal miner.

Today, the coal miner is part of the ASX 200 and its share price is trading at $2.05. That means the same parcel of shares would be worth $8,265.60 today – 65% more than when they finished 2021.

And that's before one considers the dividends paid out by the stock in that time. Here's a breakdown of the payouts Coronado Global Resources offered shareholders in 2022:

Coronado Global Resources' 2022 dividendsMonth paidValue (AUD)
Ordinary dividendApril12.19 cents
Special dividendJune8.25 cents
Special dividendJune8.35 cents
Ordinary dividendSeptember10.86 cents
Special dividendDecember20.2 cents
Total 59.75 cents

As the above chart shows, each Coronado Global Resources share brought an Aussie investor nearly 60 cents of passive income in 2022.

That means our figurative $5,000 investment paid out a total of around $2,409.12 in dividends over that time.

Combining that with the ASX 200 coal miner's share price gains, a $5,000 investment would have returned around $5,675 last year – marking a 113.5% return in just 12 months.

And that's despite the broader market's suffering. The ASX 200 has fallen 6% so far this year.

All that is to say, market watchers needn't lose all hope in tough times. There's nearly always a nugget of gold (or, in this case, coal) to be found on the market. Though, past performance isn't indicative of future performance.

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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