Invested $5,000 in Wesfarmers shares 5 years ago? Here's how much passive income you've earned

Has Wesfarmers stock proven a good dividend buy in recent years?

Key points
  • The Wesfarmers share price has soared 61% since March 2018 to trade at $48.44 today
  • Meanwhile, the retail giant has paid consistent dividends
  • Indeed, a $5,000 investment in the stock five years ago has likely yielded more than $1,700 of passive income over the years since

The last five years have been a wild ride for those invested in Wesfarmers Ltd (ASX: WES) shares.

The stock rocketed from around $30 in March 2018 (accounting for the spin-out of Coles Group Ltd (ASX: COL)) to a high of over $66 in August 2021. Today, it's trading at $48.44 – marking a 61.5% return.

But what happens when we factor in the company's dividends? Let's take a look.

Happy woman holding $50 Australian notes

Image source: Getty Images

All dividends paid to those holding Wesfarmers shares since 2018

Here are all the offerings handed to the S&P/ASX 200 Index (ASX: XJO) retail conglomerate's shareholders over the last five years:

Wesfarmers dividends' pay dateTypeDividend amount
October 2022Final$1
March 2022Interim80 cents
October 2021Final90 cents
March 2021Interim88 cents
October 2020Final77 cents
October 2020Special18 cents
March 2020Interim75 cents
October 2019Final78 cents
April 2019Interim$1
 April 2019Special$1
September 2018Final$1.20
April 2018Interim$1.03
Total: $10.29

As readers can see, each Wesfarmers share has yielded around $10.29 of dividends since March 2018.

That means our figurative parcel has likely provided $1,708.14 of passive income in that time.

Of course, it's also worth remembering the spin-out of Coles Group Ltd (ASX: COL) in late 2018. Wesfarmers shareholders received 1 Coles share for each stock in the parent company they held. The Coles share price is currently $17.59.

Not to mention, all the dividends offered by the ASX 200 icon in that time have been fully franked. That means they could have brought additional benefits at tax time.

Wesfarmers shares currently boast a 3.72% dividend yield.

Excitingly, the company's next dividend will be paid in a little over a week. Its 88 cents per share interim dividend will hit shareholders' accounts from 28 March.

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 positions in and has recommended Coles Group and Wesfarmers. 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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