The Bank of Queensland Ltd (ASX: BOQ) share price has struggled to keep up with the S&P/ASX 200 Index (ASX: XJO) over the last decade.
$1,000 likely would have bought 123 Bank of Queensland shares in January 2013. Then, the bank's stock was trading at around $8.10.
Today, the Bank of Queensland share price is around 14% lower at $6.93, leaving our figurative parcel valued at just $852.39.
For comparison, the ASX 200 has gained nearly 55% over the last decade.
But have the dividends on offer from Bank of Queensland made up for its share price's sluggishness? Let's take a look.
All the dividends offered by Bank of Queensland shares since 2013
Here are all the payments the Queensland-based bank has offered shareholders over the last 10 years:
| BOQ dividends' pay date | Type | Dividend amount |
| November 2022 | Final | 24 cents |
| May 2022 | Interim | 22 cents |
| November 2021 | Final | 22 cents |
| May 2021 | Interim | 17 cents |
| November 2020 | Final | 12 cents |
| November 2019 | Final | 31 cents |
| May 2019 | Interim | 34 cents |
| November 2018 | Final | 38 cents |
| May 2018 | Interim | 38 cents |
| November 2017 | Final and special | 46 cents and 8 cents |
| May 2017 | Interim | 38 cents |
| November 2016 | Final | 38 cents |
| May 2016 | Interim | 38 cents |
| November 2015 | Final | 38 cents |
| May 2015 | Interim | 36 cents |
| November 2014 | Final | 34 cents |
| May 2014 | Interim | 32 cents |
| December 2013 | Final | 30 cents |
| May 2013 | Interim | 28 cents |
| Total: | $6.04 |
As the chart above shows, those invested in the bank's shares have likely received $6.04 per stock in dividends since early 2013.
That means our figurative parcel probably yielded $742.92 – enough to boost its returns back into the green.
Considering both share price movements and dividends, the stock boasts a 10-year return on investment (ROI) of 60%.
And that's before considering any additional benefits investors may have received from franking credits. All the bank's offerings during that time were fully franked.
Bank of Queensland shares currently offer a notable 6.6% dividend yield.
