The last 10 years have been a wild ride for the Bendigo and Adelaide Bank Ltd (ASX: BEN) share price. But despite its ups and downs, the ASX bank stock hasn't gone all that far.
If one were to have invested $1,000 in the not-quite-big-four bank in February 2013, they likely would have walked away with 104 shares and $6 change, having paid $9.55 apiece.
Today, those 104 shares would be worth $1,035.84. The Bendigo Bank share price has gained 4.3% over the last decade to trade at $9.96 today.
For comparison, the S&P/ASX 200 Index (ASX: XJO) has risen 51% in that time.
Could the dividends on offer from Bendigo Bank shares have made up for the stock's sluggish performance? Let's take a look.
All dividends offered by Bendigo Bank shares since 2013
Here are all the dividends that have been on the table for those invested in Bendigo Bank shares over the last 10 years.
| Bendigo Bank dividends' pay date | Type | Dividend amount |
| September 2022 | Final | 26.5 cents |
| March 2022 | Interim | 26.5 cents |
| September 2021 | Final | 26.5 cents |
| March 2021 | Interim | 28 cents |
| March 2020 | Interim | 31 cents |
| September 2019 | Final | 35 cents |
| March 2019 | Interim | 35 cents |
| September 2018 | Final | 35 cents |
| March 2018 | Interim | 35 cents |
| September 2017 | Final | 34 cents |
| March 2017 | Interim | 34 cents |
| September 2016 | Final | 34 cents |
| March 2016 | Interim | 34 cents |
| September 2015 | Final | 33 cents |
| March 2015 | Interim | 33 cents |
| September 2014 | Final | 33 cents |
| March 2014 | Interim | 31 cents |
| September 2013 | Final | 31 cents |
| March 2013 | Interim | 30 cents |
| Total: | $6.055 |
As readers can see, each Bendigo Bank share has yielded $6.055 of passive income over the last 10 years. That leaves our figurative parcel having brought in $629.72 of dividends over its life.
Taking that figure and considering its stock's gains, Bendigo Bank has provided a return on investment (ROI) of around 67.7%. That's certainly nothing to scoff at.
And that's before we consider any potential tax benefits born from the franking credits attached to each of the bank's dividends.
Right now, Bendigo Bank shares trade with a 5.3% dividend yield.
