Did you buy $1,000 of Bank of Queensland shares 10 years ago? Here’s how much dividend income you’ve made

Did you buy $1,000 of Bank of Queensland shares 10 years ago? Here's how much dividend income you've made

Have the bank's dividends made up for its share price's poor performance?

Brooke Cooper

Brooke has been a Motley Fool contributor since early 2021. She holds a Bachelor of Communication with specialisations in journalism and international studies from Charles Sturt University. Brooke aims to inform and excite Aussies keen to grow their wealth by investing in ASX companies. When not writing or researching, you'll likely find Brooke gallivanting around South East Queensland.

Published January 25, 2023 9:23 am AEDT

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.

A man with a wry smile on his face is shown close up behind ascending piles of coins as he places another coin on top of the tallest stack representing rising dividends — Image source: Getty Images

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.

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