If you invested $1,000 in Bank of Queensland (ASX:BOQ) shares a decade ago, here's what it would be worth now

Have Bank of Queensland shares been a worthwhile long-term investment?

The Bank of Queensland Limited (ASX: BOQ) share price has pushed higher over the past decade, up around 40%. In comparison, the S&P/ASX 200 Index (ASX: XJO), is up around 85% over the same time frame.

During October 2019, Bank of Queensland shares were hovering around today's levels, before freefalling thereafter. While the regional banks' shares have somewhat recovered, they are still a long way off 2015's record high $13 mark.

Nonetheless, we wind the clock back and see how much an investor would have made if they had invested $1,000 in Bank of Queensland shares a decade ago.

Young boy wearing suit and glasses counts his money using a calculator.

Image source: Getty Images

How much would your initial investment be worth now?

If you spent $1,000 on Bank of Queensland shares exactly 10 years ago, you would have picked them up for $6.45 apiece. The purchase would deliver approximately 155 shares without reinvesting the dividends.

Looking at Friday's closing price, the Bank of Queensland share price finished at $9.23. This means those 155 shares would be worth $1,430.65 (155 shares x $9.23).

In percentage terms, the initial investment implies a gain of around 43.07% or a yearly average return of 3.65%. Comparing that to the ASX 200, the benchmark index has given back 6.22% over a 10-year period.

And the dividends?

Over the course of the last decade, the Bank of Queensland has made a total of 19 dividend payments from 2011 to 2021. Its most recent dividend distributions were significantly reduced due to the pandemic severely affecting its operations and bottom line.

Adding those 19 dividends payments gives us an amount of $6.08 per share. Calculating the number of shares owned against the total dividend payment gives us a figure of $942.40 (155 shares x 6.08).

When putting both the initial investment gains and dividend distribution, an investor would have made roughly $2,373.05.

Bank of Queensland share price snapshot

Over the past 12 months, the Bank of Queensland share price has moved 65% higher and is up around 20% year to date.

Bank of Queensland presides a market capitalisation of roughly $5.92 billion, with more than 640 million shares on its registry.

Motley Fool contributor Aaron Teboneras 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 Bruce Jackson.

More on Dividend Investing

Woman thinking in a supermarket.
Consumer Staples & Discretionary Shares

Buying Coles shares? Here's the dividend yield you'll get today

Coles has impressed dividend investors with its income growth.

Read more »

Elderly couple using laptop at home while drinking a cup of coffee.
Dividend Investing

How I'll find the best ASX dividend shares for 2027

These are the things I would check before buying an ASX dividend share.

Read more »

Smiling man points to graph comparing different companies.
Dividend Investing

CBA vs AMP: Which is better for a 40-year-old investor seeking passive income?

Comparing CBA and AMP shares for passive income: dividend yields, franking, and 2026 performance for Aussie investors.

Read more »

View of a business man's hand passing a $100 note to another with a bank in the background.
Dividend Investing

1 ASX dividend stock down 35% I'd buy right now

This business offers an impressive dividend yield.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Where to invest $10,000 in ASX dividend shares today

I’d invest $10,000 into these stocks right now.

Read more »

Male hands holding Australian dollar banknotes, symbolising dividends.
Dividend Investing

How many BHP shares do I need to buy for $10,000 of passive income?

The mining giant is one of the Australian share market's biggest dividend payers.

Read more »

Man with his hands out as if pondering his options.
Exchange-Traded Funds (ETFs)

Do you own this ASX dividend ETF? Fundie explains why 'we aren't fans'

This ASX ETF aims to maximise income using covered call options.

Read more »

Australian dollar notes in a nest, symbolising a nest egg.
Dividend Investing

2 ASX dividend shares with yields above 7%

These businesses are providing significant passive income.

Read more »