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Bank of Queensland Limited shares fall as stock trades ex-dividend

S&P/ASX 200 member Bank of Queensland (ASX: BOQ) trades ex-dividend today.

On October 10th, the company reported cash earnings of $248 million and a final dividend of 30 cents per share, fully franked, bringing the total dividend for the full year to 58 cents, an 11.5% increase on the prior year.

The 30 cent fully franked dividend will be paid on 4 December 2013 to BOQ shareholders on the register at the close of business on 13 November 2013.

BOQ shares have fallen 31 cents in morning trade to $11.85 (30 cents being the ex-dividend), and trade on a trailing dividend yield of 4.9%. By comparison, fellow tier two bank Bendigo and Adelaide Bank Limited (ASX: BEN) trades on a trailing dividend yield of 5.6%.

Bruce Jackson does not have an interest in any of the companies mentioned in this article

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