If I put £10,000 in Tesco shares today, how much passive income would I receive?

Tesco (LSE: TSCO) shares have tended to trade in line with the FTSE 100 over the last few years. More recently though, they’ve been left behind a bit as the blue-chip index has rallied to record highs. For example, the FTSE 100 is now up 9.5% in five years compared with Tesco’s 9% decline. Year to date, the index has risen just over 5% versus a 1.7% drop in the Tesco share price. However, none of these figures include dividends. So here, I’ll look at how much income I’d get from £10k worth of shares and consider whether that’s enough to persuade me to invest in them. To be honest, I’m a little bit surprised at this underperformance from Tesco stock. After all, it gained a bit of market share last year and there was a return to positive volume growth as inflation started to ease. Group sales excluding VAT and fuel rose 7.2% year on year to £61.5bn. And adjusted diluted earnings per share increased 14% to 23.41p. I thought the market would have rewarded the stock a bit more for this strong financial performance. I’m a Tesco customer — kept loyal by the Clubcard — and I think...

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