Bought $2,000 of Bank of Queensland shares five years ago? If so, here's how much dividend income you've earned

Have the ASX 200 bank's dividends made up for its stock's sluggishness?

| More on:
A young investor working on his ASX shares portfolio on his laptop

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points

  • The Bank of Queensland share price has tumbled 38% over the last five years to trade at $6.02
  • Meanwhile, the ASX 200 bank has been paying out relatively consistent dividends 
  • Each Bank of Queensland share has provided $2.38 of passive income since April 2018

Bank of Queensland Ltd (ASX: BOQ) shares have suffered through a rocky five years, falling 38% in that time.

Looking back, an investor who sunk $2,000 into the S&P/ASX 200 Index (ASX: XJO) bank stock in April 2018 likely would have received 206 shares, paying $9.67 apiece.

Today, that holding would be worth $1,240.12. The Bank of Queensland share price last traded at $6.20.

For comparison, the ASX 200 has gained 23% over the last five years.

But have the not-quite-big-four bank's dividends made up for its share price's disappointing performance? Let's take a look.

Dividends paid to holders of Bank of Queensland shares since 2018

Here are all the dividends paid to those invested in Bank of Queensland shares since April 2018:

BOQ dividends' pay dateTypeDividend amount
November 2022Final24 cents
May 2022Interim22 cents
November 2021Final22 cents
May 2021Interim17 cents
November 2020Final12 cents
November 2019Final31 cents
May 2019Interim34 cents
November 2018Final38 cents
May 2018Interim38 cents
  $2.38

That's right, each Bank of Queensland share has yielded $2.38 of dividend income over the last five years. That means our figurative parcel has likely borne $490.28 of passive income over its lifetime.

Considering both share price movements and dividends, the return on investment (ROI) offered by the bank stock since April 2018 comes to a 13% loss.

Though, it's also worth noting that all dividends provided to Bank of Queensland investors in that time have been fully franked. Thus, they may have brought additional benefits for some shareholders come tax time.

The company's next dividend will be worth 20 cents per share and is set to be paid in early June. The stock will trade ex-dividend on 10 May.

Right now, Bank of Queensland shares trade with a notable 7.64% dividend yield.

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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Two workers at an oil rig discuss operations.
Dividend Investing

This high-yielding ASX 200 dividend stock remains a top choice for passive income

I think this ASX 200 dividend gem will remain a top passive income stock for years to come.

Read more »

Person handing out $50 notes, symbolising ex-dividend date.
Dividend Investing

Buy these ASX dividend shares for 6%+ yields

Analysts expect these stocks to provide income investors with big yields in the coming years.

Read more »

Beautiful young couple enjoying in shopping, symbolising passive income.
Dividend Investing

2 high-yield Australian dividend shares for reliable passive income

When you're looking to generate passive income from the share market, you want reliability. No income investor wants to see…

Read more »

Happy female friends taking self portrait through mobile phone at pool's edge, symbolising passive income.
Dividend Investing

Looking for passive income? Try this ASX 200 blue chip

This stock's 4.66% fully franked yield is hard to ignore.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Bank Shares

Everything you need to know about the NAB dividend

NAB will soon be sending its next payout to investors.

Read more »

Happy man holding Australian dollar notes, representing dividends.
Dividend Investing

2 high-yield ASX dividend shares for Australian retirees

Analysts are tipping big yields and big returns from these income stocks.

Read more »

A retiree relaxing in the pool and giving a thumbs up.
Dividend Investing

$30,000 in savings? Here's how I'd aim for $2,070 a year in passive income

Why not turn those savings into a regular passive income stream?

Read more »

A mother and her two adult daughters embrace outdoors.
Dividend Investing

3 reliable ASX dividend shares with yields above 6% that you can buy for less than $7 right now

These stocks are paying consistent dividends to investors.

Read more »