Bank of Queensland Limited (ASX: BOQ) shareholders will have something to cheer about today as the company pays out its latest dividend.
The regional bank is rewarding eligible investors with a fully franked interim dividend of 22 cents per share.
At Wednesday's market close, the Bank of Queensland share price finished 0.66% lower to $7.52.
For context, the S&P/ASX 200 Index (ASX: XJO) climbed yesterday with a 0.37% gain to 7,155.2 points.
Let's take a look below at all the details regarding the company's dividend.
Bank of Queensland pays out H1 FY22 dividend
Bank of Queensland reported growth across key metrics in its results for the first half of the 2022 financial year.
In summary, statutory net profit after tax (NPAT) rose 38% to $212 million when compared to the prior corresponding period. This was driven by an increased non-interest income and credit to loan impairment expense along with disciplined costs.
Management noted the careful execution of the ME integration and digital transformation program through the period of ongoing economic uncertainty.
The company is aiming for all of its retail brands to operate under a common cloud-based digital platform.
Moving on, the board opted to increase its interim dividend by 29% on H1 FY21's 17 cents per share.
When looking at the current share price, Bank of Queensland is trailing on a forecast fully franked dividend yield of 5.87%.
Bank of Queensland share price snapshot
Over the past 12 months, the Bank of Queensland share price has fallen by roughly 15%.
Notably, its shares hit a 52-week low of $7.31 on 12 May before quickly rebounding in the days after.
Bank of Queensland has a price-to-earnings (P/E) ratio of 12.08 and commands a market capitalisation of roughly $4.86 billion.
