Insights

How much has Mineral Resources paid in dividends over the last 5 years?

Here’s a look to see what the mining services company has paid to shareholders since 2017.
The post How much has Mineral Resources paid in dividends over the last 5 years? appeared first on The Motley Fool Australia. –

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.

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%.

The post How much has Mineral Resources paid in dividends over the last 5 years? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Mineral Resources Limited right now?

Before you consider Mineral Resources Limited, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Mineral Resources Limited wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

See The 5 Stocks
*Returns as of July 7 2022

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

Here are the top 10 ASX 200 shares today
How I’m preparing for brighter days in the stock market
What’s the outlook for the Mineral Resources share price in FY23?
Here are the top 10 ASX shares today
3 ASX lithium shares that flew in FY22, and 1 that sank

Motley Fool contributor Aaron Teboneras 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.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Rebate Rewards

Level 2 Rebate

Deposit $2,000 and get $200 Rebate
$ 200 Rebate
  • 3 Simple Steps
  • 1. Register Using The Link Below (Promo-Code: WEBREBATE)
  • 2. Deposit $2,000 and place one trade at any non-Austalian market within 30 calendar days
  • 3. Receive Your $200 Rebate
Popular

Level 1 Rebate

Deposit $1,000 and get $100 Rebate
$ 100 Rebate
  • 3 Simple Steps
  • 1. Register Using The Link Below (Promo-Code: WEBREBATE)
  • 2. Deposit $1,000 and place one trade at any non-Austalian market within 30 calendar days
  • 3. Receive Your $100 Rebate

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex Securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

EASY QUALIFICATION & LOW ENTRY
NEW CLIENT REBATE OFFER
EARN UP TO $200 CASH REBATE
Act Fast - Promotion Ends In
Click Here To Get Started
EASY QUALIFICATION & LOW ENTRY
NEW CLIENT REBATE OFFER
EARN UP TO $200 CASH REBATE
Act Fast - Promotion Ends In
Click Here For More Info