Despite its wild price swings in 2022, the Mineral Resources Ltd (ASX: MIN) share price has surged 300% over the past five years.
The company has benefited immensely from the lithium boom which has generated bumper revenues from 2017 to 2021.
Subsequently, Mineral Resources ramped up its dividends to investors over the period – even during COVID-19.
Below, we take a look to see how much Mineral Resources has distributed in dividends to shareholders since 2017.
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Recap on the Mineral Resources dividend
Here's a brief summary of all the dividends paid out by Mineral Resources over the last five years.
- September 2017 – 33 cents (final)
- March 2018 – 25 cents (interim)
- September 2018 – 40 cents (final)
- April 2019 – 13 cents (interim)
- October 2019 – 31 cents (final)
- March 2020 – 23 cents (interim)
- September 2020 – 77 cents (final)
- March 2021 – $1.00 (interim)
- September 2021 – $1.75 (final)
When adding the above amounts, Mineral Resources has paid a total of $5.17 in dividends since September 2017.
You may have noticed that the board elected not to pay a dividend this year which shocked shareholders.
The company reported a significant reduction in iron ore revenue due to weakening Platts and wider discounts. This led it to register an underlying net loss of $36 million, a mammoth difference compared to the $430 million net profit after tax (NPAT) in H1 FY21.
Investors will have to wait until 29 August when Mineral Resources is expected to release its FY22 financial results.
Mineral Resources share price snapshot
Despite its astronomical gains over the long term, the Mineral Resources share price has had trouble replicating its success in 2022.
Tumbling iron ore prices and a break in the lithium market have led the company's shares to record volatile swings.
Year to date, Mineral Resources shares are down 13%.
Based on today's price, the company commands a market capitalisation of around $9.2 billion and has a dividend yield of 3.74%.
