The Macquarie Group Ltd (ASX: MQG) share price has had a ripper decade.
If an investor were to have bought $1,000 of the investment bank's stock 10 years ago today, they likely would have walked away with 27 securities and $29 change, having paid $35.95 per share.
Today, those 27 shares would be worth a total of $4,840.56. The Macquarie share price last traded at $179.28.
For comparison, the S&P/ASX 200 Index (ASX: XJO) has risen around 57% over the last 10 years.
But what kind of return have Macquarie shares provided when we factor in the company's dividends as well? Let's take a look.
Image source: Getty Images
How much have Macquarie shares paid in dividends in 10 years?
Here are all the dividends paid by those holding Macquarie shares over the last 10 years:
| Macquarie dividends' pay date | Type | Dividend amount |
| December 2022 | Interim | $3 |
| July 2022 | Final | $3.50 |
| December 2021 | Interim | $2.72 |
| July 2021 | Final | $3.35 |
| December 2020 | Interim | $1.35 |
| July 2020 | Final | $1.80 |
| December 2019 | Interim | $2.50 |
| July 2019 | Final | $3.60 |
| December 2018 | Interim | $2.15 |
| July 2018 | Final | $3.20 |
| December 2017 | Interim | $2.05 |
| July 2017 | Final | $2.80 |
| December 2016 | Interim | $1.90 |
| July 2016 | Final | $2.40 |
| December 2015 | Interim | $1.60 |
| July 2015 | Final | $2 |
| December 2014 | Interim | $1.30 |
| July 2014 | Final | $1.60 |
| December 2013 | Interim | $1.25 |
| July 2013 | Final | 75 cents |
| Total: | $44.82 |
As readers can see, each Macquarie share has paid out $44.82 in dividends since January 2013.
Meaning, our figurative parcel has likely produced $1,210.14 of passive income over its life. That's more than the initial investment!
It also brings the return posted by Macquarie shares in that time – factoring in both dividends and share price gains – to a whopping 523% return on investment (ROI).
Just imagine the potential gains if one were to have reinvested their dividends in the company, thereby compounding their wins.
Not to mention, most of the dividends handed out by the company over the last 10 years have been at least partially franked.
Macquarie shares currently trade with a 3.6% dividend yield.
Sydney Airport divestment
Long-term shareholders also likely saw an additional return from their investment in 2014. That was the year the ASX 200 bank palmed off its 17% stake in the once-ASX-listed Sydney Airport.
The bank offered shareholders one Sydney Airport share for every Macquarie share they held.
Technically, the value of the airport was offloaded to shareholders in two accounting components – a $2.57 per share reduction of capital and a $1.16, 40% franked special dividend.
If our figurative investor were to have held their Sydney Airport stake over the coming years, they would have been paid $8.75 per share – a total of $236.25 – when the airport was taken over in 2022.
