Invested $9,000 in Suncorp shares in 2018? Here's how much dividend income you've realised

Have Suncorp's dividends made up for its share price's poor performance?

| More on:
A mature aged man with grey hair and glasses holds a fan of Australian hundred dollar bills up against his mouth and looks skywards with his eyes as though he is thinking what he might do with the cash.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points

  • The Suncorp share price has slumped 12% over the last five years to trade at $12.53 as of yesterday's close
  • Fortunately, the dividends on offer from the company in that time have made up for its stock's losses
  • Each Suncorp share had yielded $3.09 of dividend income since May 2018

The last five years have been rough for the Suncorp Group Ltd (ASX: SUN) share price. Stock in the financial services conglomerate has tumbled to trade at $12.53 as of Tuesday's close.

However, looking back to May 2018, an investor sinking $9,000 into the stock likely would have snapped up 629 shares, paying $14.30 apiece.

Today, that parcel would be worth around 12% less – just $7,881.37.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has lifted 19% in that time.

Fortunately, Suncorp shares have proven to provide consistent dividends over the years. Here's how much dividend income an investor who bought into the stock five years ago has likely realised.

All dividends paid to holders of Suncorp shares since 2018:

Here are all the dividends paid to those invested in Suncorp shares since May 2018:

Suncorp dividends' pay dateTypeDividend amount
March 2023Interim33 cents
September 2022Final17 cents
April 2022Interim23 cents
September 2021Final and special40 cents and 8 cents
April 2021Interim26 cents
October 2020Final10 cents
March 2020Interim26 cents
September 2019Final44 cents
May 2019Special8 cents
April 2019Interim26 cents
September 2018Final and special40 cents and 8 cents
Total: $3.09

As readers can see, each Suncorp share has yielded $3.09 of dividend income over the last five years. That negates any share price losses experienced in that time.

It also means our figurative investment has provided a total of $1,943.61 in dividends over its life.

That brings its return on investment (ROI), considering both share price gains and dividend income, to 9.2%.

And that's before considering the potential benefits the payments could have brought for some investors at tax time. All the dividends paid to those holding Suncorp shares over the last five years have been fully franked.

Right now, Suncorp shares offer a 3.99% dividend yield.

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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

A businessman compares the growth trajectory of property versus shares.
Growth Shares

2 ASX giants to buy for decades of growth and dividends

Income or growth? Why not have both!

Read more »

a man in a shirt and tie holds his chin in thoughtful contemplation and looks skywards as if thinking about something while a graphic of a road with many ups and downs unfurls behind him.
Dividend Investing

Down 8%, this passive income stock offers a 4.6% dividend yield!

Despite a stagnant share price, this stock's payouts have never been higher.

Read more »

Man putting in a coin in a coin jar with piles of coins next to it.
Dividend Investing

Dividend investing opportunities emerging as quality ASX stocks reset

A pullback in quality ASX shares may be the opening dividend investors have been waiting for.

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

Analysts expect 4% to 6% dividend yields from these ASX stocks

Good yields are expected from these names in the near term.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

3 ASX dividend shares to buy with $5,000

Analysts think these shares could be top picks for income investors.

Read more »

A young bank customer wearing a yellow jumper smiles as she checks her bank balance on her phone.
Dividend Investing

Forget Westpac shares and buy these ASX dividend stocks

Analysts think these shares would be better buys for income investors.

Read more »

A smiling woman holds a Facebook like sign above her head.
Dividend Investing

Bell Potter names the best ASX dividend shares to buy in December

These are high conviction picks according to the broker.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

3 ASX dividend shares to buy for a passive income stream

Analysts are recommending these dividend payers.

Read more »