Full year results. In light of APRA’s guidance issued on 7 April 2020, BOQ has deferred the decision on payment of an interim dividend (2). The rapid global escalation of COVID-19 and subsequent actions to contain the virus have resulted in extraordinary economic dislocation. Notification of dividend / distribution 2A.5 Ex Date Wednesday November 4, 2020 2A.6 Payment Date Wednesday November 25, 2020 "BOQ is well positioned as we enter this period with a strong balance sheet, capital and liquidity buffers, and sound asset quality. (4) Internal BOQ Analysis and APRA monthly authorised deposit-taking institution statistics excluding International Banks, Sep2019 – Feb 2020. BOQ's most recent final dividend payment was made to shareholders of record on Wednesday, November 27. I am proud of how our people have responded, swiftly adapting to this unprecedented event. Sell CBA,” it added. Figures are on a cash basis unless otherwise stated. Choose to reinvest your dividends, electronically transfer to your bank account or donate to charity. Dividend Payments by Month (or Quarter) Q2 Q3 Q4 2019 2020 $ 0.31 Nov 27 $0.20 $0.30 $0.40 BOQ will release its financial results for the full-year ended 31 August 2020 on Wednesday, 14 October 2020 at 11:00 am (AEDT). (1) 1H20 vs 1H19 comparisons unless otherwise stated. (7) This range may move materially as events unfold. We’re here to help – COVID-19 customer support, Type a minimum of three characters then press UP or DOWN on the keyboard to navigate the autocompleted search results. BOQ Specialist grew lending balances by $502 million across its commercial and housing loan portfolios. Due to this, this number should not be seen as firm guidance as to the final financial impacts. Authorised for release by: The Board of Directors of Bank of Queensland Limited. Maximum dividend is 46 cents while minimum dividend is 26 cents. BOQ is down 3.31 per cent on the market today, selling shares for $4.97 each; The Bank of Queensland (BOQ) has deferred its 2020 financial year interim dividend payment after the Australian Prudential Regulation Authority (APRAP) urged banks to consider this due to the coronavirus impact. Impairment expenses were flat at $30 million for 1H20 versus PCP, equivalent to 13 basis points of gross loans, notwithstanding a $10 million increase in the collective provision in response to the potential impacts of COVID-19, based on an assessment of market conditions as at 29 February 2020. BOQ’s results teleconference will be held today at 10:30am (Sydney time). Operating expenses increased four per cent compared to 2H19 to $292 million due to increased expenses from risk and regulatory programs, and investment in strategic technology projects. Funding remained broadly stable during the half with customer deposits flat at $32 billion, representing a deposit to loan ratio of 69 per cent. (2) Refer to BOQ ASX Release “BOQ FY20 Interim Dividend Deferral”, 8 April 2020. Which will be the only dividend paid in FY 2020. BANK OF QUEENSLAND LIMITED. Gross loans and advances rose $781 million to $47 billion in the half. Dividends are typically paid from company earnings. Bank of Queensland pays an annual dividend of A$0.65 per share, with a dividend yield of ∞. ASX:BOQ Historic Dividend September 3rd 2020 Payout ratios. The focus on niche segments has seen improvements in lending growth across all brands. The timely, welcome and extensive response from the Federal Government and regulators is focused on cushioning this impact by supporting jobs and businesses to manage through COVID-19 and re-emerge. Bank of Queensland Limited (BOQ) Dividends. Material shift in the environment due to COVID-19. Bank of Queensland Limited (ASX: BOQ) today announced 1H20 cash earnings after tax of $151 million, down 10 per cent on 1H19, and down 1% on 2H19. This was largely a result of the previously guided restructuring charges and intangible asset review. Total dividend is 657 cents. Managing Director and CEO George Frazis commented: “In these extremely uncertain times, we are doing all we can to support our customers and our people with prudent and meaningful measures and to ensure the strength of the bank. 2020. We remain focused on the execution of our strategy, building on the strong foundations to deliver a return to growth when the economy improves.”. BOQ is entering this period in a strong position, with high levels of capital, good liquidity and sound underlying portfolio quality. The webcast address is: https://edge.media-server.com/mmc/p/hw7ma2wq, Dial-in number (Australia): 02 9007 3187 or Toll Free 1800 558 698 ASX:BOQ Historic Dividend September 3rd 2020 Payout ratios. Bank of Queensland pays out 119.93% of its earnings out as a dividend. We are here for our customers and we will work with them through the challenges ahead.”, 1H20 results as expected during transitional year. BOQ remains focused on rebuilding the BOQ branch and broker housing loan portfolio, which contracted a further $441 million during the half, which is showing signs of a turnaround. Both of these programs are building the foundation for BOQ’s technology transformation towards a digital banking platform to be leveraged across the BOQ Group. (3) RFi XPRT Reports August 2019 to February 2020. (3) RFi XPRT Reports August 2019 to February 2020. “Following due consideration, the Board is satisfied that it is appropriate to pay the Group’s 2019 final dividend of 27 Australian cents per share on Thursday, 9 April 2020 as scheduled.” Bank of Queensland (BOQ) though took a very different tack in its interim results. Potential financial implications of COVID-19. Please enable JavaScript in order to get the best experience when using this site. If a company pays more in dividends than it earned, then the dividend might become unsustainable – hardly an ideal situation. We believe using more recent dividend history can provide better dividend analysis for a company. Find out more at Intelligent Investor Virgin Money Australia (VMA) also delivered another strong half with $489 million of growth in its housing portfolio, which now stands in excess of $3 billion. Deferred repayment periods of up to six months on business loans up to $10 million; The option to choose between deferred mortgage repayments or Interest Only repayments for an initial period of three months; and. Distributed by Public, unedited and unaltered, on 13 October 2020 21:59:06 UTC (BOQ) operates in the Banks industry category. Bank of Queensland Limited, together with its subsidiaries, provides various financial products and services in Australia. During the half, BOQ has delivered strong balance sheet growth while maintaining asset quality across the portfolio. BOQ's next final dividend payment will be made to shareholders of record on Wednesday, November 25. Rating as of Sep 18, 2020. These programs are expected to be completed in calendar year 2020. Strong balance sheet and capital position, providing ability to respond to changing conditions. BOQ defers dividend, well capitalised for Covid-19. Bank of Queensland pays out 119.93% of its earnings out as a dividend.

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