Bank of Queensland Ltd (ASX: BOQ) shares have suffered through a rocky five years, falling 38% in that time.
Looking back, an investor who sunk $2,000 into the S&P/ASX 200 Index (ASX: XJO) bank stock in April 2018 likely would have received 206 shares, paying $9.67 apiece.
Today, that holding would be worth $1,240.12. The Bank of Queensland share price last traded at $6.20.
For comparison, the ASX 200 has gained 23% over the last five years.
But have the not-quite-big-four bank's dividends made up for its share price's disappointing performance? Let's take a look.
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Dividends paid to holders of Bank of Queensland shares since 2018
Here are all the dividends paid to those invested in Bank of Queensland shares since April 2018:
| 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 |
| $2.38 |
That's right, each Bank of Queensland share has yielded $2.38 of dividend income over the last five years. That means our figurative parcel has likely borne $490.28 of passive income over its lifetime.
Considering both share price movements and dividends, the return on investment (ROI) offered by the bank stock since April 2018 comes to a 13% loss.
Though, it's also worth noting that all dividends provided to Bank of Queensland investors in that time have been fully franked. Thus, they may have brought additional benefits for some shareholders come tax time.
The company's next dividend will be worth 20 cents per share and is set to be paid in early June. The stock will trade ex-dividend on 10 May.
Right now, Bank of Queensland shares trade with a notable 7.64% dividend yield.
