Investors should note that there's a difference between De La Rue's total shareholder return (TSR) and its share price change, which we've covered above. Arguably the TSR is a more complete return calculation because it accounts for the value of dividends (as if they were reinvested), along with the hypothetical value of any discounted capital that have been offered to shareholders. Dividends have been really beneficial for De La Rue shareholders, and that cash payout explains why its total shareholder loss of 81%, over the last 5 years, isn't as bad as the share price return.