Highlights

  • Bank of Queensland declared a fully franked final dividend of 20 cents per ordinary share for FY26.
  • The final dividend goes ex-dividend on 27 October, with 28 October as the record date and 19 November as the scheduled payment date.
  • FY26 statutory net profit after tax reached A$250 million, while cash earnings excluding notable items fell to A$358 million.
  • A fully franked special dividend of 15 cents per share was paid in August 2026.
  • The bank maintained a target ordinary dividend payout range of 60–75% of cash earnings.

Bank of Queensland Limited (ASX:BOQ) provides retail and business banking services in Australia, including deposits, home lending and specialist business finance. On 28 October 2026, BOQ shares were priced at A$7.08. The date also marks the record date for the bank’s newly declared final ordinary dividend. Its latest annual results, released on 15 October 2026, show how the distribution sits alongside changing profitability, business lending growth and capital management.

The Final Dividend and Its Payment Timetable

Bank of Queensland Limited (ASX:BOQ) determined a fully franked final ordinary dividend of 20 cents per share for the year ended 31 August 2026. The ex-dividend date was 27 October, the record date is 28 October and payment is scheduled for 19 November 2026. The dividend reinvestment plan is expected to operate without a discount, with shares acquired on market.

The final dividend follows a fully franked 20-cent interim ordinary dividend paid on 27 May 2026 and a fully franked 15-cent special dividend paid on 24 August. Accordingly, BOQ’s FY26 interim, special and declared final distributions total 55 cents per share, although the final amount was not yet paid on 28 October.

What the Latest Results Say About Dividend Coverage

For FY26, Bank of Queensland Limited (ASX:BOQ) reported statutory net profit after tax of A$250 million, 88% above FY25, largely reflecting the prior year’s goodwill impairment. Cash earnings after tax excluding notable items were A$358 million, down 7% year on year. Cash earnings per ordinary share fell 7% to 54.4 cents.

Total income rose 1% to A$1,679 million. Net interest income reached A$1,520 million, while net interest margin improved six basis points to 1.70%. Expenses excluding notable items increased 2%, and loan impairment expense rose A$33 million. Commercial lending expanded 16%, whereas home lending contracted by A$4,633 million during the bank’s transformation.

The board stated that the final 20-cent dividend represented 72.9% of second-half cash earnings excluding notable items. BOQ retained its ordinary dividend payout target of 60–75% of cash earnings, but future declarations remain subject to board discretion, capital requirements and operating results.

Capital Management and Distribution Risks

Bank of Queensland Limited (ASX:BOQ) reported a common equity tier 1 capital ratio of 11.64% at 31 August 2026, up 70 basis points from FY25.

Dividend capacity remains sensitive to loan losses, funding costs, competition and earnings. BOQ expects continued economic uncertainty in FY27 and is targeting flat annual cost growth, commercial lending growth comparable with FY26 and a return to home lending growth. Higher impairment costs or weaker margins could constrain future cash distributions.

Key Insights

As of 28 October 2026, Bank of Queensland Limited (ASX:BOQ) had declared a 20-cent fully franked final dividend, with payment scheduled for November. Its FY26 dividend position included a non-recurring special payment, while underlying cash earnings declined despite an increase in statutory profit. BOQ’s capital ratio, earnings quality and credit performance provide essential context for assessing subsequent distributions without assuming the FY26 pattern will repeat.