Upcoming Dividends ASX: Bank of Queensland (ASX:BOQ) to Pay 20c Final on 19 November

Sonal Goyal

04 November 2026 10:49 PM AEDT

Upcoming Dividends ASX: Bank of Queensland (ASX:BOQ) to Pay 20c Final on 19 November

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Key Highlights

A fully franked final Dividend of 20 cents per share is payable on 19 November 2026.
The shares went ex-dividend on 27 October, and the Record Date was 28 October.
The DRP operates at no discount and is expected to be met through on-market purchases.
FY26 dividends total 55 cents, including a 20 cent interim and a 15 cent special dividend.

Bank of Queensland Limited (ASX:BOQ) is due to pay its fully franked final dividend of 20 cents per share on Thursday 19 November 2026, making it one of the nearest upcoming dividends on the ASX for shareholders who were on the register at the record date. The regional lender declared the dividend with its results for the year ended 31 August 2026, released on 15 October. Its financial calendar shows the shares went ex-dividend on Tuesday 27 October, with a record date of Wednesday 28 October, so the entitlement has already been fixed and only the payment remains.

The BOQ Final Dividend Timetable

BOQ's final dividend of 20 cents per share is fully franked. With the ex-date and record date now passed, investors who bought shares on or after 27 October will not receive this payment, while those who held shares at the close of trading on 26 October are entitled to it.

The bank said its Dividend reinvestment plan would operate without a discount for the final dividend and that it expected to satisfy the plan in full by buying shares on market. Buying on market, rather than issuing new shares, means DRP participation does not add to the number of shares on issue.

The one Business day gap between the ex-date and the record date reflects the ASX's T+2 settlement cycle: a trade made on the day before the ex-date settles in time for the buyer to appear on the register at the record date, while a trade on the ex-date does not. The payment on 19 November comes about three weeks after the record date. BOQ's next corporate event is its annual general meeting, scheduled for Tuesday 1 December 2026.

Three Payments Across the 2026 Financial Year

BOQ's shareholders have received three separate dividends relating to the 2026 financial year. The Interim Dividend of 20 cents per share, fully franked, went ex-dividend on 4 May 2026 and was paid on 27 May.

In August, the bank announced a Capital return of about $295 million following the sale of its equipment finance portfolio. That return combined a fully franked Special Dividend of 15 cents per share, which went ex-dividend on 13 August, had a record date of 14 August and was paid on 24 August 2026, with an on-market share buy-back. BOQ's results materials put the cost of the special dividend at $99 million.

Including the final, total dividends for the 2026 financial year come to 55 cents per share. BOQ has kept its dividend payout target range at 60 to 75 per cent of cash earnings, excluding notable items.

What the Full Year Result Showed

BOQ reported cash Earnings after tax of $325 million for the year, down 15 per cent. Excluding notable items, cash earnings were $358 million, a 7 per cent decline. Statutory net profit after tax rose 88 per cent to $250 million.

Net interest Margin increased 6 basis points to 1.70 per cent for the full year, and reached 1.73 per cent in the second half, up from 1.67 per cent in the first half. Second-half cash earnings excluding notable items were $182 million, up 3 per cent on the first half, and second-half operating expenses excluding notable items fell 1 per cent to $545 million.

The bank's common Equity tier 1 ratio was 11.64 per cent, up 70 basis points, after the equipment finance Loan sale, the special dividend and the start of the buy-back. BOQ said there was no change to its CET1 target range of 10.25 to 10.75 per cent.

Lending Mix Shift Behind the Numbers

BOQ's Balance Sheet changed shape over the year. Commercial lending grew 16 per cent to $15.24 billion, and business lending rose 14 per cent on a normalised basis, although the reported figure fell because of the roughly $3.6 billion equipment finance sale. Home lending declined 8 per cent to $52,868 million and customer deposits fell 6 per cent.

For the 2027 financial year, the bank's outlook points to commercial lending growth comparable to the 2026 financial year, a return to home lending growth, a modest net interest margin uplift in the first half subject to market conditions, flat cost growth and relatively stable loan Impairment expense. It expects to complete the share buy-back during the 2027 financial year, subject to market conditions.

How BOQ Fits Into Upcoming ASX Dividends

BOQ's August balance date sets it apart from the major banks, which report on a September year end and pay their final dividends in December. As a result, BOQ's payment arrives in November, ahead of most bank dividends.

The timing also follows a shift in Interest Rate settings. On 3 November 2026 the Reserve Bank of Australia raised the cash rate target by 25 basis points to 4.85 per cent and said "The economy is slowing, housing prices have fallen significantly and the Unemployment rate has risen." Westpac, CBA, ANZ and NAB each announced 0.25 percentage point increases to variable home loan rates effective 13 November. Changes in the cash rate flow through to bank funding costs and lending margins, which in turn shape the earnings from which future dividends are paid.

For BOQ shareholders, the next items to watch after the 19 November payment are the AGM on 1 December and progress on the buy-back, while the size of the next interim dividend will depend on first-half earnings and the board's application of its 60 to 75 per cent payout range.

Key Takeaways

Bank of Queensland Limited will pay a fully franked final dividend of 20 cents per share on 19 November 2026, after the shares went ex-dividend on 27 October and the record date passed on 28 October. The DRP operates at no discount and is expected to be met through on-market purchases. Total dividends for the 2026 financial year are 55 cents, including a 20 cent interim and a 15 cent special dividend. Cash earnings excluding notable items were $358 million, net interest margin was 1.70 per cent and CET1 was 11.64 per cent, with the payout range unchanged at 60 to 75 per cent.

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