You won’t generally find the passive income offered by S&P/ASX 200 Index (ASX: XJO) dividend shares reflected in the price charts.
And that can be quite misleading to newer investors.
Take ASX 200 retail stock JB Hi-Fi Ltd (ASX: JBH), for example.
On 30 May 2022, shares were trading for $46.49 each. At the time of writing, those shares are swapping hands for $43.87 apiece.
As you can see in the chart below, that puts the JB Hi-Fi share price down 5.6% over the past 12 months.
But what inexperienced investors might miss here is that, like most price charts, the passive income delivered over the 12 months has gone missing.
Let’s add those dividends back in
So, let’s add those dividends back in.
The ASX 200 retailer paid out a final, fully franked dividend of $1.53 per share on 9 September.
Then, on 10 March, JB Hi-Fi shares paid out an all-time high interim dividend of $1.97 per share.
That works out to $3.50 per share in passive income that you won’t see reflected in most price charts.
Now, if we add that onto today’s share price of $43.87, we come to an accumulated one-year value of $47.37 per share. Which is actually 1.5% higher than 12 months ago, rather than the 5.6% loss reflected in most price charts.
That’s much better.
But passive income investors who snapped up shares in the ASX 200 retailer last January, will have done even better.
$1,020 of passive income from $9,000 of this ASX 200 stock
For FY22, JB Hi-Fi declared an interim dividend of $1.63 per share, also fully franked.
The stock traded ex-dividend on 23 February.
If we turn the clock back to 28 January 2022, we can harvest that third dividend from the ASX 200 retailer.
That would bring our total dividend earnings to $5.13 per share over a period of only 16 months.
On 28 January, JB Hi-Fi shares were trading for $45.22 apiece.
Which means you could have bought 199 shares with your $9,000 investment.
Or a handy $1,020.87 in passive income in just 16 months.
