Macquarie Group Ltd (ASX: MQG) shares were popular among passive income investors even before this year's all-time high final dividend payout.
That's because the diversified S&P/ASX 200 Index (ASX: XJO) financial stock has paid two partly franked dividends every year since 2013.
And there's been some strong capital gains along the way to bolster that passive income stream.
While Macquarie shares are down 4% over the past 12 months, they are up 51% over five years and 333% over 10 years.
But dialling it back to the last 15 months, here's how much passive income you could already have earned if you'd bought $6,000 worth of Macquarie shares last March.
How much passive income have Macquarie shares delivered in 15 months?
Starting with this year's record payout, Macquarie shares delivered a final dividend of $4.50 per share, 40% franked.
That was up 29% from the final dividend paid out in 2022, spurred by a lift in full-year profits to $5.2 billion.
Macquarie shares traded ex-dividend on 15 May. Stockholders can expect that boosted passive income to hit their bank accounts next month, on 4 July.
Moving back six months, the financial company paid its $3.00 per share interim dividend on 13 December.
So far we have two dividend payments totalling $7.50 per share, or some $2.9 billion of passive income delivered to shareholders.
Heading back another six months, Macquarie shares delivered a final 2022 dividend of $3.50, also 40% franked. Adding that to the other two dividends, we're now at $11.00 per share.
Now, to get that passive income, you would have had to own shares at the closing bell on 13 May.
If you'd gotten in ahead of the share price run-up leading into the ex-dividend date and bought shares on 4 March, you could have picked them up for $180.25 apiece.
That means you could have bought 33 shares for $6,000 with enough left over to take the family out to Maccas.
It also means that you would already have earned $363 in passive income from that investment. And in only 15 months.
