Key Highlights

  • Bank of Queensland Ltd (ASX: BOQPF) declared a $1.486 fully franked interim dividend.
  • The ex-dividend date is 28 July 2026, with payment scheduled for 17 August 2026.
  • The annualised yield is 1.44% based on the current price of $102.85.
  • The dividend is 100% franked at the 30% corporate tax rate.

Bank of Queensland Ltd (ASX: BOQPF) has declared an interim dividend of $1.486 per security, fully franked at 100%, with an ex-dividend date of 28 July 2026 and a payment date of 17 August 2026. Based on the current trading price of $102.85, the declared distribution represents an annualised yield of 1.44%. Investors holding BOQPF securities before the ex-date window of seven days will be entitled to receive the upcoming payment.

About the BOQPF Dividend Declaration

The $1.486 interim distribution is consistent with BOQPF's structure as a capital note or hybrid security issued by Bank of Queensland. Capital notes and hybrid instruments of this type are designed to provide regular, fixed or floating income distributions to holders, with full franking attached where applicable. The interim classification indicates this forms part of a scheduled distribution cycle rather than a one-off or special payment.

Company Overview

Bank of Queensland is one of Australia's regional banks, offering retail and business banking products and services. The BOQPF securities represent a hybrid capital instrument, a class of listed security that sits between ordinary equity and senior debt in the capital structure. These instruments are commonly assessed by investors on the basis of distribution yield, franking, reset or conversion terms, and the credit quality of the issuing bank. BOQ's broader business includes home lending, business banking and insurance through its various brands and subsidiaries.

Dividend and Yield Focus

Hybrid and capital note securities such as BOQPF are typically evaluated on the level and reliability of their distributions, the attached franking credits, the conversion or redemption terms, and the credit standing of the issuing institution. At a price of $102.85, the 1.44% annualised yield reflects the fixed or structured income profile of the instrument. Investors in this type of security often compare the grossed-up yield — which includes the value of franking credits at the applicable tax rate — against alternative fixed-income and hybrid instruments when assessing relative value.

What Investors May Watch Next

  • Ex-dividend date: 28 July 2026 — investors must hold securities before this date to receive the dividend
  • Payment date: 17 August 2026
  • Future distribution announcements and reset or conversion dates
  • Bank of Queensland's broader credit profile and capital management
  • Future ASX announcements

Risks

Hybrid capital securities carry risks including changes to distribution terms at reset dates, potential conversion to ordinary shares, subordination to senior debt in a wind-up scenario, and issuer credit risk. Franking credit value depends on the investor's individual tax position. Distribution levels may also be affected by regulatory capital requirements applicable to the issuing bank.

Bank hybrid and capital note securities have remained a feature of the Australian listed securities market, offering investors access to regular, fully franked income distributions from regulated financial institutions. The value of franking credits attached to distributions depends on the investor's own tax circumstances. Yield comparisons across hybrid instruments typically account for franking, distribution frequency, and the credit quality and capital adequacy of the issuing bank.