Do Bank of Queensland shares pay better dividends than the ASX 200 big four?

It’s been a rough 12 months for the Bank of Queensland Limited (ASX: BOQ) share price but the smaller S&P/ASX 200 Index (ASX: XJO) bank’s dividends still stack up against those of its big four peers.

Right now, Bank of Queensland shares are trading at $6.99. That’s 24% lower than they were this time last year.

For comparison, the ASX 200 has fallen nearly 6% over the same period while the S&P/ASX 200 Financials Index (ASX: XFJ) has dumped close to 7%.

But how does Bank of Queensland’s dividends stack up against ASX 200 giants? Keep reading to find out.

Do Bank of Queensland shares pay competitive dividends?

The Bank of Queensland share price has tumbled from $9.22 to $6.99 over the last 12 months – leaving it $2.23 lower.

In that time, the bank has offered investors 44 cents per share in dividends, made up of a 22-cent final dividend and a 22-cent interim dividend. They were handed out in October and May respectively.

Of course, that still leaves those who bought into the stock this time last year in the red.

On the bright side, however, Bank of Queensland shares are currently trading with an impressive 6.29% dividend yield.

It’s also worth noting the bank has paid out fully franked dividends for more than a decade now, meaning its dividends could offer additional benefits for some investors at tax time.

Here’s how the Bank of Queensland’s dividend yield stacks up against the ASX 200 big four bank shares:

• Australia and New Zealand Banking Group Ltd (ASX: ANZ) offers the best yield of the big four, coming in at 6.13% right now
• Next best is Westpac Banking Corp (ASX: WBC), offering a yield of 5.6%
• National Australia Bank Ltd (ASX: NAB), meanwhile, boasts a 4.62% yield
• Finally, Commonwealth Bank of Australia (ASX: CBA) shares currently trade with a 3.93% yield  

Thus, while the Bank of Queensland share price has been underperforming the financial sector lately, its dividends currently offer better value than those of the ASX 200 big four banks.

The post Do Bank of Queensland shares pay better dividends than the ASX 200 big four? appeared first on The Motley Fool Australia.

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More reading

• Analysts name 2 ASX 200 dividend shares to buy
• Here’s what a top broker is saying about the Bank of Queensland share price
• Savings or dividends? What these 3 ASX bank shares are offering for income
• Here are the top 10 ASX 200 shares today
• Top brokers name 3 ASX shares to buy today

Motley Fool contributor Brooke Cooper 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 recommended Westpac Banking Corporation. 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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