Did you invest in Insurance Australia Group Ltd (ASX: IAG) shares in April 2018? If so, you've likely been disappointed with your investment so far. The company's stock has tumbled 35.5% in that time.
Indeed, a $4,000 investment around five years ago likely would have bought 518 shares in the insurance provider for $7.72 apiece.
Today, that parcel would be worth approximately $2,579.64. The IAG share price is currently trading at $4.97.
For comparison, the S&P/ASX 200 Index (ASX: XJO) has gained around 26% in that time.
But could the dividends offered to those holding IAG shares over the last five years have made up for the stock's poor performance? Let's take a look.
All dividends paid to those invested in IAG shares since April 2018
Here are all the dividends paid to IAG shareholders over the last five years:
| IAG dividends' pay date | Type | Dividend amount |
| March 2023 | Interim | 6 cents |
| 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 |
| Total: | $1.045 |
As readers can see, each IAG share has yielded $1.045 in dividends since April 2018.
That means our figurative parcel would have provided an investor $541.31 of passive income over its life.
That's certainly not enough to negate the capital losses born from the IAG share price's slump. Though, it does soften the blow.
Considering both the stock's tumble and its dividends, the total return on investment (ROI) posted by the ASX 200 company in that time comes to a 22% loss.
It's also worth noting that many of IAG's dividends in that time have been franked. That means they might have brought some investors additional benefits come tax time.
IAG shares currently offer a 2.2% dividend yield.
