The Bank of Queensland upsized dividend is being paid out today. Here’s the lowdown

If you’re a Bank of Queensland Ltd (ASX: BOQ) shareholder, then today is a great day. It’s dividend payday for BOQ shares, meaning a dividend cheque is about to hit your bank account, if it hasn’t already.

As an ASX bank share, investors obviously pay attention to the dividends coming their way from BOQ. So let’s dive into what’s in store.

So Bank of Queensland will be doling out its final dividend for FY2022. It will be a payment worth 24 cents per share, fully franked. This represents a pleasing 9% hike over both last year’s final dividend and this year’s interim dividend, which was paid out back in May.

Both dividend payments were worth 22 cents per share.

But if you wish to receive this latest Bank of Queensland dividend, you would have had to own the shares before the ex-dividend date of 27 October. Any new shareholders who bought in on or after that date are ineligible.

Bank of Queensland shares pay out final dividend

So this latest dividend will bring BOQ’s total dividend payments over the past 12 months to 26 cents per share. That gives Bank of Queensland a dividend yield of 6.35%, based on the current (at the time of writing) share price of $7.28.

Including the value of the full franking credits, this yield grosses up to 9.07%, putting it in the top echelon of ASX bank shares right now.

The Bank of Queensland share price has had a fairly rough time of it lately. The bank remains down by close to 13% year to date in 2022 thus far, and down by 14.4% over the past 12 months. Over the past five years, BOQ has lost a depressing 41.6% of its value.

At the current Bank of Queensland share price, this ASX 200 bank share has a market capitalisation of $4.71 billion, with a price-to-earnings (P/E) ratio of 12.3.

The post The Bank of Queensland upsized dividend is being paid out today. Here’s the lowdown appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has positions in Bank of Queensland. 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.

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