The Insurance Australia Group Ltd (ASX: IAG) share price has outperformed the market over the last 12 months, gaining 6.9% in that time. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) has slipped 1.2%.
However, zooming out, the stock's long-term performance isn't so strong. The IAG share price has fallen around 5.5% over the last 10 years.
If an investor were to have bought $1,000 worth of the insurance stock in January 2013, they likely would have walked away with 196 shares, paying $5.10 apiece.
Today, that parcel would be worth $944.72. The IAG share price is currently $4.82.
For comparison, the ASX 200 has gained around 54% over the last decade.
But how has our figurative investment performed when we factor in dividends offered by IAG in that time? Let's take a look.
How much have IAG shares paid in dividends in 10 years?
Here are all the dividends IAG shares have paid since January 2013:
| IAG dividends' pay date | Type | Dividend amount |
| September 2022 | Final | 5 cents |
| March 2022 | Interim | 6 cents |
| September 2021 | Final | 13 cents |
| March 2021 | Interim | 7 cents |
| March 2020 | Interim | 10 cents |
| September 2019 | Final | 20 cents |
| March 2019 | Interim | 12 cents |
| November 2018 | Special | 5.5 cents |
| September 2018 | Final | 20 cents |
| March 2018 | Interim | 14 cents |
| October 2017 | Final | 20 cents |
| March 2017 | Interim | 13 cents |
| October 2016 | Final | 13 cents |
| March 2016 | Interim | 13 cents |
| March 2016 | Special | 10 cents |
| October 2015 | Final | 16 cents |
| April 2015 | Interim | 13 cents |
| October 2014 | Final | 26 cents |
| April 2014 | Interim | 13 cents |
| October 2013 | Final | 25 cents |
| April 2013 | Interim | 11 cents |
| Total: | $2.855 |
As per the chart above, IAG shares have each offered investors $2.855 in dividends over the last decade.
That means our 196-share parcel would likely have paid out $559.58 in dividends – leaving our figurative investor in the green.
Indeed, factoring in both dividends and share price movements, IAG stock boasts a return on investment (ROI) of 50% over the 10 years just been.
On top of that, many of the dividends offered by the company in that time have been fully franked. Thus, they could have brought additional benefits for some shareholders at tax time.
IAG shares currently trade with a 2.28% dividend yield.
